The UK government’s appointed cost-of-living adviser, Iceland’s executive chairman Lord Richard Walker of Broxton, is urging the Labour administration to cut or reform the pensions “triple lock.” Walker argues that the current arrangement is unaffordable and “mathematically unsustainable,” according to reports from both the Evening Standard and the Financial Times. He characterises the policy as unfair and frames the issue as part of broader pressure on household finances and public spending. Both outlets attribute the criticism to Walker, who was appointed in February by Keir Starmer, and who is described as a “cost-of-living tsar.” The Belfast Telegraph story covers the same call for action but does not provide additional substantive details in the supplied text. Overall, the reporting agrees that Walker is specifically targeting the triple lock mechanism—set to determine annual increases in state pensions—calling for it to be reduced or removed rather than maintained in its current form.