Latest news with #pension benefits
Bloomberg
21-07-2025
- Business
- Bloomberg
Rivals Labour and Reform UK Open Door to Raising Retirement Age
The ruling Labour party and upstart rival Reform UK separately opened the door to a potential increase in the retirement age, a move that would help cut the government's costs but almost certainly draw a backlash from the public. Launching a new pension commission, Work and Pensions secretary Liz Kendall on Monday announced the start of the next statutory review into the age at which Britons can collect government pension benefits, which is now set at 66. While the government is required to review the state pension every six years, the last one was in 2023, making this announcement three years early.
Bloomberg
21-07-2025
- Business
- Bloomberg
Labour, Reform UK Open Door to Increasing the Retirement Age
The ruling Labour party and upstart rival Reform UK both opened the door to a potential increase in the retirement age, a move that would help cut the government's costs but almost certainly draw a backlash from the public. Launching a new pension commission, Work and Pensions secretary Liz Kendall on Monday announced the start of the next statutory review into the age at which Britons can collect government pension benefits, which is now set at 66. While the government is required to review the state pension every six years, the last one was in 2023, making this announcement three years early.
