Yes, this man shown below will do it!!!
...over 50 years.
"State pension age to be raised to 70 for today's young workers
George Osborne will use autumn statement to signal new formula linked to life expectancy that could save £500bn over 50 years
Young people currently entering the workforce will have to wait until they are 70 before they can retire under plans to save £500bn over the next 50 years, George Osborne will signal on Thursday.
The chancellor will also use his autumn statement to demand £1bn in additional spending cuts in the hope that voters will focus on Britain's "responsible recovery" – the healthy economic growth prospects for next year, slowly restoring public finances and measures to cut youth unemployment.
In potentially one of the most far-reaching reforms since the introduction of the state pension in 1908, Osborne will say the pension age for men and women will rise to 70 by the 2060s under a new formula linked to average life expectancy. This means that people born in the 1990s, who are now entering the workforce, will have to work until at least the Biblical life expectancy of three score and ten.
Osborne's statement to the Commons on Thursday will attempt to show that the government is making long-term plans as the economy recovers. David Cameron highlighted this approach when he told the BBC in Chengdu, on the final day of his trip to China: "We have been working to a long-term plan and what you are going to see in this autumn statement is the next steps in that long-term plan, a long-term plan to turn the country around, to get us out of our difficulties with debt and deficit and to secure jobs and recovery for all our people – a recovery for all."
Source: State pension age to be raised to 70 for today's young workers | UK news | The Guardian
£500 bln, should be enough for 2 tax free years - a sure way to win next election, massive landslide for Cons!
...over 50 years.
"State pension age to be raised to 70 for today's young workers
George Osborne will use autumn statement to signal new formula linked to life expectancy that could save £500bn over 50 years
Young people currently entering the workforce will have to wait until they are 70 before they can retire under plans to save £500bn over the next 50 years, George Osborne will signal on Thursday.
The chancellor will also use his autumn statement to demand £1bn in additional spending cuts in the hope that voters will focus on Britain's "responsible recovery" – the healthy economic growth prospects for next year, slowly restoring public finances and measures to cut youth unemployment.
In potentially one of the most far-reaching reforms since the introduction of the state pension in 1908, Osborne will say the pension age for men and women will rise to 70 by the 2060s under a new formula linked to average life expectancy. This means that people born in the 1990s, who are now entering the workforce, will have to work until at least the Biblical life expectancy of three score and ten.
Osborne's statement to the Commons on Thursday will attempt to show that the government is making long-term plans as the economy recovers. David Cameron highlighted this approach when he told the BBC in Chengdu, on the final day of his trip to China: "We have been working to a long-term plan and what you are going to see in this autumn statement is the next steps in that long-term plan, a long-term plan to turn the country around, to get us out of our difficulties with debt and deficit and to secure jobs and recovery for all our people – a recovery for all."
Source: State pension age to be raised to 70 for today's young workers | UK news | The Guardian
£500 bln, should be enough for 2 tax free years - a sure way to win next election, massive landslide for Cons!
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