PM resists speculation on state pension age rise but does not rule it out

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Tea

The prime minister did not rule out raising the state pension age as he sought to counter speculation on “all kinds of decisions that have not yet been made”.

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But addressing a question on the issue, Liz Truss also said she would “do what she can” to address the economic obstacles facing the UK.

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The state pension age is currently 66.

Two further increases are currently stipulated in the law: a gradual increase 67 between 2026 and 2028 and a gradual increase 68 between 2044 and 2046.

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But the review is going on now.

Reviewed every six years, the latest was launched in December last year, and the findings are due to be published no later than May 2023.

Under pressure from the prime minister to balance the books, she was asked by broadcasters in Birmingham whether she would raise the state pension age beyond 67.

Ms Truss replied: “You’re asking me to speculate about all kinds of decisions that haven’t been made yet.

“The first thing that is important is that we deal with the energy prices that people were facing. We have helped to contain inflation through that intervention.

“We have reduced taxes to prop up the economy.

“We are going to have economic reforms in areas like moving faster with construction projects, moving faster with transportation projects to prop up the economy.

“And that is what we need to do because we are facing a very difficult international situation, a slowing global economy.

“So yeah, I’ll do what’s necessary to fix those issues.”

Carolyn Abrahams, Charity Director at Age UK, said: “Raising the state pension age improves government finances in the long term, but there is no objective justification for this at the moment as life expectancy has clearly stalled.

“Age UK cannot support such a move, especially when we know that those who will lose the most are those who will lose their state pension age due to poor health and care responsibilities as well as anyone with certain or older qualifications. who are unable to work till mid-life.

“As things stand, and in the context of endemic ageism in the labor market, any decision by the government to make today’s 50-somethings wait longer for their state pensions would put hundreds of thousands of ordinary men and women in a pitiful and retirement age. for his period of poverty—a regressive and deeply regrettable step.”

Credit: www.standard.co.uk /

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