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Story summary
- Labour MPs are urging Andy Burnham to remove the state pension triple lock from Labour’s next manifesto.
- The triple lock costs about £146 bn annually, nearly half of welfare spending and over twice the defence budget.
- Tom Tugendhat says the lock is unsustainable over the next 20-30 years.
- British Chamber of Commerce urged Chancellor John Healey to scrap the lock, claiming it could save £3 bn over two years.
