If you’re a worker born after 1969 you’ll be delighted to learn that Chancellor Jeremy Hunt is thinking of announcing for the March budget that the official retirement age, set to rise to 68 in 2046, may now take effect in 2035.
Wondering how the state was going to pay the huge pandemic bill? It’s not, you are, by working longer and saving the state billions in pension payments. And this despite life expectancy not rising but falling since 2020.
Think that’s bad? Iain Duncan-Smith’s think-tank (which first proposed Universal Credit) wants to raise the pension age to 75.
There is a better solution – abolish capitalism.