The Resolution Foundation calls for the UK to scrap the state pension “triple lock,” arguing the policy has become unsustainable. The think tank says the triple lock—used to uprate the state pension by tying increases to a formula linked to inflation and wage growth—risks causing economic harm the longer it remains in place. The criticism is presented as part of a wider debate over how the state pension is funded and updated as economic conditions and demographics change. The think tank characterises the triple lock as “terribly designed,” suggesting it may not deliver value relative to its costs and could add pressure to public finances over time. The reports attribute the assessment to the Resolution Foundation and frame the call as an argument for changing the mechanism used to increase state pension payments. No alternative approach to pension uprating is described in the available excerpts. Overall, the coverage reflects ongoing scrutiny of whether the triple lock is affordable and effective in its current form.
Resolution Foundation urges ending the state pension “triple lock” policy
The Resolution Foundation calls for the UK to scrap the state pension “triple lock,” arguing the policy has become unsustainable. The think tank says the triple lock—used to uprate the state pension b...
- The Resolution Foundation criticises the UK state pension “triple lock” policy.
- It describes the triple lock as “terribly designed.”
- The think tank argues the policy is “unsustainable.”
- It warns the longer the triple lock remains, the greater the risk of economic harm.
- The call is to end or scrap the triple lock.
The Resolution Foundation branded the triple lock a 'terribly designed policy' that risked 'economic harm' the longer it continues.
2 months agoThe Resolution Foundation branded the triple lock a 'terribly designed policy' that risked 'economic harm' the longer it continues.
2 months ago
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