News · 1 May 2026

Blair Institute Urges Labour to Scrap Pension Triple Lock

Tony Blair's thinktank, the Tony Blair Institute, has urged Labour to scrap the pension triple lock, calling it "outdated and increasingly unaffordable." The guarantee, which raises state pensions annually by the highest of inflation, wage growth, or 2.5%, is projected to push spending from 5% to 7.8% of GDP by 2070, potentially forcing higher taxes or cuts to public services.

By BriefTea Editorial · 1 May 2026 at 6:58

Reported by The Guardian · How we write briefs