The Telegraph and the Mail have today covered the story that the government will unveil a new universal state pension in an imminent green paper. The £140/week pension (rising to £155 in four years’ time) is roughly as anticipated when the story first broke last autumn. It is a less complicated system than the current basis state pension which can be topped up with additional benefits such as the pension credit.
What has barely been noted, however, is that the coalition nearly endured a defeat in the House of Lords on Wednesday night over its long-standing plans to lift Britain’s retirement age. Read more