A Labour-aligned think tank is urging Keir Starmer to increase taxes on higher earners and to abandon the pensions “triple lock,” arguing that doing so would help address pressures on public finances and living standards. The proposal comes amid criticism and political pressure on Starmer and the Labour agenda. Supporters of the triple-lock change contend that the current mechanism—linking pension increases to specific measures—can drive rising costs for the state pension system. The think tank’s position also points to the impact on household budgets, citing estimates that families could face a decline in living standards of around £550, depending on how pension and wider fiscal policies evolve. Opponents of scrapping the triple lock argue that it could reduce future pension growth for retirees, with potential knock-on effects for those relying on state support. The articles frame the guidance as a policy recommendation rather than an immediate government commitment, with wider debate ongoing within and around Labour’s policy direction.