Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy Politics Andy Burnham has committed to keeping the triple lock pension and allowing pensioners to escape paying income taxes despite the policy being opposed by swathes of economists and MPs. Burnham said he would keep the triple lock pension, the mechanism that ensures the taxpayer-funded state pension rises by whichever is highest out of wage growth, [...]
‘Unsustainable’ – Iceland boss and Labour peer calls for end of triple lock pension Economics Lord Walker, the influential Iceland boss who was made a Labour peer, has called for the triple lock pension to be scrapped as the mechanism was “profoundly unfair”. In a debate on welfare reform in the House of Lords, Walker added to a growing number of economists and political figures calling for the state pension [...]
Jeremy Hunt is right to ask Can We Be Rich Again? Economics With the CBI’s latest economic forecasts warning of a dramatic spike in unemployment and a prolonged period of anaemic GDP growth, it’s a good time to reflect on the question posed by former chancellor Jeremy Hunt in his latest book, Can We Be Rich Again? The book is the latest in a series of works [...]
Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth June 8, 2026 Former chancellor Jeremy Hunt has warned that the triple lock on the state pension is acting as “an anchor drag on economic growth.” In an interview with City AM, Hunt said that above-inflation rises to the state pension are being funded “by more debt” on future generations and called for every major party to pledge [...]
‘It’s important we increase spending’: Treasury minister defends triple lock pension May 27, 2026 A Treasury minister has defended the triple lock pension as a sustainable policy despite former Prime Minister Sir Tony Blair attacking the benefit for being unaffordable. Dan Tomlinson said it was “important we have the triple lock and that we increase spending on pensioners”, doubling down on the controversial manifesto commitment that has been criticised [...]
IMF tells Reeves to drop triple lock pension and make ‘fundamental’ tax reform May 18, 2026 The UN’s global financial fund has called on Chancellor Rachel Reeves to drop the triple lock pension and draw up “contingency” tax measures to ensure that public debt is reduced as a share of GDP. The International Monetary Fund has said that there are “risks” around spending forecasts and tax receipts, criticising the Chancellor for [...]
From pensions to healthcare: UK state spending on old age surges May 18, 2026 Government spending on the elderly has dramatically increased the size of the state, analysis by the official statistics body has shown. Fresh research by the Office for National Statistics has suggested a steady rise in spending on health and old age has contributed to a rise in government consumption as a share of GDP. In [...]
Kemi Badenoch interview: ‘I want an economic revolution’ May 5, 2026 Kemi Badenoch has told City AM she wants to deliver “an economic revolution” in the UK, based on lower taxes, less government intervention and “a mindset shift” that puts businesses and the City at the heart of the growth agenda. Speaking ahead of this week’s local elections, the Tory leader says she is developing policies [...]
Anti-establishment? Reform’s triple lock pledge proves they’re more of the same April 8, 2026 If Reform is truly committed to being an anti-establishment party, a party that is serious about solving Britain’s economic woes rather than merely performing opposition then pledging to scrap the triple lock is not something that is optional – it is imperative, says Oliver Dean Just weeks ago, Reform were finally getting serious about the [...]
UK economy showing signs of ‘zombie apocalypse,’ says think tank January 5, 2026 The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]