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Story summary
- Labour MPs urge Greater Manchester Mayor Andy Burnham to scrap the pension triple lock as he seeks Labour leadership.
- The triple lock costs about £146 billion a year, roughly 5 percent of GDP and twice defence spending.
- A cabinet minister warned Burnham would be bound by Labour’s 2024 manifesto promise to retain the triple lock.
- The Resolution Foundation reported pensioner poverty fell before the triple lock’s introduction and rose after its implementation.
