UK urged to reform pensions triple lock by OECD
- The Organisation for Economic Co-operation and Development suggests reforming the state pension triple lock to provide fiscal headroom and address vulnerabilities in the UK's finances.
- The triple lock, which ensures the state pension rises by the highest of average earnings, inflation, or 2.5%, has been criticized for its cost and fairness.
- The OECD predicts stable but low GDP growth in the UK and expects the Bank of England to maintain interest rates at 5.25% with a potential decrease in 2025.
Insights by Ground AI
Does this summary seem wrong?
6 Articles
6 Articles
All
Left
1
Center
3
Right
1
New UK pension rules and it's an 'urgent task' for government
A group of top economists says the government should reform the "costly" triple lock in a bid to free up money, with the Organisation for Economic Co-operation and Development (OECD) saying it's "urgent".
·Birmingham, United Kingdom
Read Full ArticleCoverage Details
Total News Sources6
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage