N@N

Mel Stride says triple lock is 'unsustainable' and cannot last forever

Mel Stride, the Work and Pensions Secretary, has indicated that the UK's state pension triple lock policy, which ensures that pensions rise by the highest of inflation, average earnings, or 2.5%, is not sustainable in the long term. Speaking on BBC Radio 4's Today programme, Stride highlighted the financial pressures this policy places on the government, suggesting that while it has been beneficial, it cannot continue indefinitely. He emphasized the need for a review of the policy, especially in light of the upcoming general election, where the future of the triple lock could become a significant issue. This comes at a time when the government is also dealing with other economic challenges, including public sector pay disputes and the cost of living crisis.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/mel-stride-says-triple-lock-is-unsustainable-and-cannot-last-forever/ar-AA1vlj2c ]

Contributing Sources

---