I believe they have a plan underway to ensure this doesn’t happen.
British Sovereign default event in the planning. Will the Creditors take it…
Million of Britons could work for longer under secret government plans to raise the retirement age to 68 by 2035, it has been revealed
The proposal is tipped to be announced in the March Budget and would affect those born in the 1970s and later.
The proposal is estimated by the Treasury to be worth millions to the UK’s struggling economy. Already, hundreds of thousands of workers have decided to cut back on pension contributions to help pay for rising food and energy prices amid a cost-of-living crisis.
The current retirement age of 66 will increase to 67 in 2028 and the next scheduled rise to 68 is due in 2046. However, ministers allegedly want to bring forward the change to 2035, affecting those who are 54 and under today.
Woth all the cultural enrichment over there shouldn’t they be retiring at 60