Ditch pension triple lock and consider scrapping some VAT exemptions, says OECD

HMRC boss John-Paul Marks told the Treasury Committee that the revenue body has ‘a very stretching transformation ahead of us’ (Alamy/PA) -

Ditch the state pension triple lock and consider scrapping some VAT exemptions to raise more for Government spending, an influential economic think tank has suggested.

The Organisation of Economic Co-operation and Development (OECD) said the Government should keep up momentum on policy reforms to help improve living standards and the performance of the economy.