Axe the triple lock on pensions? | Channel 5

Reem Ibrahim appears on Channel 5's Storm Huntley with Matt Allwright and Andy West.

The government's spending watchdog, the Office for Budget Responsibility, says the triple lock on the state pension has already cost three times more than initially expected, and they warn that it's going to be unaffordable in the long term.

The triple lock was brought in by the coalition government in 2011. It means the state pension goes up every year in line with whatever number is the highest out of 2.5%, inflation or average wage increases.

Now, the pensions minister Liz Kendall has failed to promise that keeping the triple lock will be in Labour's next election manifesto.