Rachel Reeves issued triple lock warning as IMF weighs in | Personal Finance | Finance

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The IMF is urging Rachel Reeves to consider replacing the triple lock (Image: Getty)

Chancellor Rachel Reeves has been urged to drop the triple lock pension guarantee by the International Monetary Fund (IMF). In its latest report on the state of the UK economy, the organisation says Britain needs to make “difficult” choices to rein in public spending against a backdrop of revenue-raising challenges.

It urges restraints on long term government spending, suggesting reforms could involve replacing the triple lock with a State Pension linked to…

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