State pension was ‘built for a different era’, says former PM’s organisation amid pressure on government finances

Labour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid mounting pressure on government finances.

With the Iran war threatening to derail public spending plans, the Tony Blair Institute (TBI) said the “unaffordable” manifesto pledge to maintain the triple lock should be torn up as part of a wider overhaul of the state pension.