Labour and a growing proportion of Liberal Democrat MPs plan to mount an assault on the acceleration of the state pension age (SPA), Rachel Reeves, shadow pensions minister says.
In a private members' debate on Wednesday, MPs grilled pensions minister Steve Webb on the clause in the Pensions Bill. MPs called on Webb to reconsider plans to raise the SPA to 66 by 2020 for everyone, meaning some women in their fifties will face a wait of an extra two years before they can claim. "Labour recognises the longevity rise, and we accept acceleration, but not before 2020," Reeves said after the debate. "There are too many changes already. As a compromise, we propose raising the SPA to 66 by 2022, saving the government £20bn rather than £30bn." Reeves said the poli...
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