Resolution Foundation think tank argues that triple lock commitment is unfair on unemployed and working families.
Calls for UK government to scrap the triple lock on state pensions commitment to UK pensioners. The Resolution Foundation financial experts are warning pensions will rise five times faster than earnings because of the coronavirus pandemic.
The triple lock promise guarantees that state pension values will increase by the highest of average wages prices or 2.5 percent.
The Resolution Foundation said in a new report that UK pensions will leap ahead of average working family earnings and unemployed and cost UK taxpayers billions more than is fair to other parts of UK society.