Quote:
Originally Posted by tweetiepooh
Maybe it is worth thinking about survival rates. At one time people didn't (generally) live for decades on a pension now they more than likely will do (until HMG push the pension age to 90!)
|
The treasury is fully aware of this, but the political will isn't there. Labour blew all their political capital on the winter fuel allowance, and that was relatively small compared to cutting the triple lock or raising the retirement age. It's political suicide to do that now.
It's also not that easy, given you need to consider if people will remain in a fit condition to work and if the expanded workforce makes it harder for younger people to find work.
The best thing we can do for now is try to ensure people have other savings, such as the workplace pension scheme the Tories put in, but given the cost of living, that's not great either
