Conservatives should stop defending triple lock ‘Ponzi system’, says senior Tory

Former Conservative leadership candidate Tom Tugendhat warned the party would struggle to attract younger supporters without a ‘radical transition from dead money to live money’ (Jordan Pettitt/PA) - (PA Wire)

The Conservatives need to stop defending the pensions triple lock if they want to gain support from young people, a senior MP has said.

Tom Tugendhat, who came fourth in the contest for the Tory leadership last year, compared the UK economy to a “Ponzi system” during a fringe event at the party conference in Manchester on Monday.