Labour should ditch triple-lock pensions promise, says OECD
Organisation’s experts say pledge puts pressure on UK public finances and ‘adds significant fiscal risks’
Labour should ditch the triple-lock pensions promise to help tackle the UK’s straitened public finances, the Organisation for Economic Cooperation and Development has urged.
In its latest survey of the UK economy, the Paris-based club of industrialised nations added its voice to those calling for an end to the pledge, which uprates the state pension each year by whichever is the highest of wage growth, inflation or 2.5%.
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