Should the UK Government scrap the triple lock on pensions?

The state pension triple lock ensures annual increases by the highest of inflation, average earnings growth, or 2.5%. This mechanism delivers real-terms gains for around 13 million pensioners but costs workers an extra £13 billion yearly compared to earnings-linked rises alone. Amid fiscal pressures from an ageing population and rising welfare spending, Reform UK leaders debate its future while Labour commits to it until at least 2029.