The Guardian Australia – Business
·business
·2 hours ago
Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock
Tony Blair's Institute urged Labour on Wednesday to scrap the pensions triple lock, calling it "unaffordable" amid pressure on government finances. The policy guarantees annual pension rises by the highest of inflation, wage growth or 2.5%. The thinktank warned Britain's ageing population would push pension spending from 5% to 7.8% of GDP by 2070, adding £85 billion annually.
Summary by Glance · The Guardian Australia – Business
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