Momentum is growing among Labour MPs secretly plotting a push for the triple lock to be scrapped in order to boost support for younger generations.
Pressure is mounting from outside Whitehall to rethink the policy, with former prime minister Tony Blair warning it is “unaffordable long term”, and former Conservative chancellor Jeremy Hunt calling for the “immoral” policy to be scrapped.
Despite the Labour Government stating it will maintain the triple lock in its manifesto, MPs have told The i Paper of a groundswell of private discussions among colleagues about how to phase it out – while causing minimal electoral damage.
Shorts
The generous uprating system was introduced in 2010 to reduce poverty in older generations, and guarantees that the state pension increases each year with either inflation, wage increases or 2.5 per cent – whichever is highest.
