Pension triple lock to be key driver of public spending pressure, says OBR

The pension triple lock will add billions of pounds to public spending in the decades ahead, the OBR said (Lucy North/PA) - (PA Wire)

The pension triple lock will add billions of pounds to public spending in the decades ahead, the UK’s official forecaster has said, after Andy Burnham suggested he would protect the measure.

The Office for Budget Responsibility (OBR) warned that debt levels could spiral to three times the size of the economy if not addressed by governments.