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Story summary
- UK Prime Minister Andy Burnham faces mounting pressure to scrap the state-pension triple lock.
- Senior Labour peers, including Lord Reid, urged Burnham to make “brave decisions” and end the triple lock.
- The British Chamber of Commerce asked Chancellor John Healey to abandon the lock, citing a £3.3bn two-year Treasury saving.
- Economists such as Lord O’Neill warned the triple lock is increasingly hard to justify as the population ages.
