Burnham Urged to Scrap State Pension Triple Lock by Major Business Group

How the triple lock state pension could be scrapped - and what could replace it

The British Chamber of Commerce (BCC) has called on the Chancellor to abandon the lock, as costs have ballooned to more than double that of the entire defence budget

John Healey urged to axe state pension triple lock in radical plan to kickstart Britain's economy

One of Britain's leading business organisations has called on John Healey to abolish the state pension triple lock as part of a plan to shore up Britain's finances.The British Chambers of Commerce (BCC), representing over 65,000 companies with a combined workforce of 7.4 million, has for the first time called on the government to ditch the pledge in its official Budget submission.Under the BCC's proposal, the state pension would rise in line wit…

Burnham urged to scrap state pension triple lock by major business group

The triple lock will see the state pension rise by more than £500 per person in April 2027

UK’s business group calls for smaller state pension increases ahead of budget

The British Chambers of Commerce wants finance minister John Healey to replace Britain’s so-called pension 'triple lock' with inflation-linked increases.

Triple lock update as bosses demand it be 'replaced'

The proposal could save the Treasury £3.3billion over two years

UK business group urges smaller state pension increases ahead of budget

The British Chambers of Commerce has urged finance minister John Healey to ​replace Britain's pension so-called "triple lock" with ‌inflation-linked increases ahead of his first budget, saying the savings could help boost youth employment and ​growth.