Labour MPs secretly agree with Blair that state pension triple lock should be axed

Labour MPs agree with former Prime Minister Sir Tony Blair that the state pension triple lock is “unsustainable” and should be axed.

However, Sir Keir Starmer’s MPs also believe that ditching the annual state pension increase guarantee is too politically toxic for the Labour Government to attempt.

The triple lock policy states that the state pension will rise every year by the same level as inflation, average earnings growth or 2.5 per cent – whichever is highest.

Shorts

It is unfair on young people by prioritising older people for the most generous state support, some Labour MPs told The i Paper.