# OECD advises Labour to drop triple-lock pension pledge

The OECD has recommended that the UK Labour Party abandon its commitment to the triple-lock on state pensions, which guarantees annual increases by the highest of inflation, earnings growth, or 2.5%. The organization argues the policy is unsustainable and costly. This matters as Labour is a major political party and any change would affect millions of retirees and public finances.

**Importance:** 4/5

## Sources

### Business
- [The Guardian Biz](https://www.theguardian.com/business/2026/jul/15/labour-should-ditch-triple-lock-pensions-promise-says-oecd) — Wed, 15 Jul 2026 09:00:51 GMT