The budget announced by UK chancellor George Osborne has been widely reported as appealing to pensioners and savers. Some measures, such as pensioner bonds, will indeed help sizeable numbers of older people. Yet for many people over retirement age, it is will not be good news overall.
Pension age will keep rising, UK chancellor George Osborne announced in his autumn statement today (5 December 2013). Young people now finishing their education will probably have to wait until they are in their 70s. This will have a devastating effect on some areas and sections of society.