State pension age increase accelerated by seven years
Sep 8th, 2017Secretary of State for Work and Pensions, David Gauke, has on 19th July 2017 announced that the increase in the pension age to 69 will now take place seven years earlier than planned.
The announcement, made in the Commons, affects approximately six million people between the ages of 39 and 47.
Originally scheduled to take place in 2044, the increase will now instead be phased in between 2037 and 2039.
This move will hardly come as a surprise to many, and may just be an indication of the ‘thin end of the wedge’ being driven home by a government with a clear intent of further austerity.