Austerity

Work Till You Drop: How Austerity Affects Our Pensions

Wendy Cockcroft's picture

You'd think that after decades of active participation in the labour market your just reward would be to be able to sit back and enjoy a leisurely retirement at age sixty or sixty five. Not any more. According to the preliminary findings of former CBI boss John Cridland, people joining the workforce today may find they are obliged to work till their mid-seventies — or later — in order to qualify for their state pension. Why is this happening and how did Mr. Cridland arrive at that conclusion? From April 2028 the state retirement age will be the figure set after the review is published next May.

Opinion: From Triple A to Triple Dip

Editor's picture

In February 2010, just before the general election, chancellor George Osborne set out his economic objectives "against which I expect to be judged". High among them was retaining Britain's AAA credit rating.  Now the credit rating agency Moody's has stripped Britain of its AAA rating. So judging Osborne by his own criterion, he has failed.   Moody's explained their decision as due to "continuing weakness in the UK’s medium-term growth outlook, with a period of sluggish growth which it now expects will extend into the second half of the decade". Put simply, the economy isn't growing, and isn't expected to grow, and the implication of that for our debt to GDP ratio is dire.  

More Information

Chat with us

   

Upcoming Dates

Social Media

Twitter icon Facebook icon RSS icon YouTube icon

Current Internal Elections

We are not currently running any internal elections but to see what positions are open for nominations, check here.