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Triple Lock Criticized as Unsustainable 'Ponzi Scheme'

10/7/2025

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Summary

Story summary

Tom Tugendhat, a senior Conservative MP, calls the Triple Lock a "Ponzi system" favoring older people, a view echoed by shadow chancellor Sir Mel Stride.
The Office for Budget Responsibility says the Triple Lock is unsustainable long-term due to rising pension costs.
The Institute for Economic Affairs calls age-related costs the "elephant in the room" in spending debates.

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Story summary

Tom Tugendhat, a senior Conservative MP, calls the Triple Lock a "Ponzi system" favoring older people, a view echoed by shadow chancellor Sir Mel Stride.
The Office for Budget Responsibility says the Triple Lock is unsustainable long-term due to rising pension costs.
The Institute for Economic Affairs calls age-related costs the "elephant in the room" in spending debates.