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Resolution Foundation Calls £12bn Triple Lock Wasteful, Government Keeps It

6/10/2026

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Summary

Story summary

The Resolution Foundation, led by Torsten Bell, calls the state-pension triple lock wasteful and urges a swift phase-out.
The UK government says the triple lock will stay in force for the rest of this Parliament while the Pensions Commission reviews reforms.
The Office for Budget Responsibility estimates the triple lock adds about £12 billion a year compared with a wage-linked rule.

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Story summary

The Resolution Foundation, led by Torsten Bell, calls the state-pension triple lock wasteful and urges a swift phase-out.
The UK government says the triple lock will stay in force for the rest of this Parliament while the Pensions Commission reviews reforms.
The Office for Budget Responsibility estimates the triple lock adds about £12 billion a year compared with a wage-linked rule.