The state pension triple lock should be scrapped, Sir Tony Blair’s think tank has said. The triple lock guarantees that the state pension increases every April based on whichever is highest out of earnings growth in between May to July, inflation in September, or 2.5%. It was introduced by the coalition Government in 2010 and first implemented for the 2011/12 financial year. This year, the state pension increased by 4.8% in line with wage growth. But a report by the Tony Blair Institute (TBI)

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