Labour has made a last attempt to stall the government's increase to the state pension age (SPA) in the very last stages of the Pensions Bill.
The government has agreed to delay the rise of the SPA to 66, scheduled for 2020, by six months. This means women in their fifties, who are the worst affected group, will wait no longer than 18 months extra for their pensions, rather than the two years they faced without the compromise. However, the issue has been reignited by an amendment submitted by Labour peer Lord McKenzie of Luton yesterday. The amendment proposes raising the SPA to 66 between 2020 and 2022, an idea previously proposed by former shadow pensions minister Rachel Reeves. The move would save the government £20...
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