Magazine article Public Finance

Raising Pension Age to 67 Would Hit the Poor Most, Says TUC

Magazine article Public Finance

Raising Pension Age to 67 Would Hit the Poor Most, Says TUC

Article excerpt

Trades Union Congress general secretary Brendan Barber has warned that raising the retirement age across the UK would hit the poorest hardest.

Barber issued the warning following publication on July 25 of a report by the Institute for Public Policy and Research that calls on the government to increase the retirement age from 65 to 67 by 2O30. The centre-Left think-tank believes that would offset a crisis fuelled by an increasing ratio of pensioners to people of working age.

However, the IPPR study acknowledges that 'people do not... accept that they may need to work longer before collecting their state pension'.

Research by the Office for Mational Statistics in 2004 found that male manual workers in the north of England and Scotland have a life expectancy of 67. …

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