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International Business Times UK
International Business Times UK
National
Anna Katrina Sevilla

Britain's Pension System Is a 'Slow-Motion Car Crash' and Experts Warn Scrapping the Triple Lock Would Make It Worse

Britain's Pension System Is a 'Slow-Motion Car Crash' and Experts Warn Scrapping the Triple Lock Would Make It Worse (Credit: Unsplash)

Britain's pension system is once again under intense scrutiny as economists. Policy analysts, and retirement experts warn that the country is heading toward a financial crisis that could deepen if the government abandons the state pension 'triple lock.'

Critics of the current system argue it has become too expensive, while supporters insist removing it would push millions of elderly people closer to poverty.

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