Rishi Sunak failed to rule out raising the state pension age to 75 in a bid to shore up finances.

The prime minister was asked the question by Keir Starmer during PMQs on Wednesday 1 May.

The Labour leader asked the question in reference to a remark made by Conservative peer Lord Frost.

Watch more on Independent TV:

Click here to subscribe to The Independent:

About The Independent:
Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded.

Connect with The Independent:
Check out our full video catalog:
Videos, daily editorial and more:
Click here to get the best of The Independent daily:
Like The Independent on Facebook:
Follow The Independent on Twitter:
Follow The Independent on Instagram:
Download the iOS & Android app:

Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust –

Subscribe to Independent Premium for exclusive content & live events: …(read more)

LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

In a recent interview, UK Chancellor Rishi Sunak failed to rule out the possibility of raising the retirement age to 75 in the future. This statement has caused concern and unease among many workers and retirees in the country.

The idea of raising the retirement age to 75 is not a new one, as the UK government had previously proposed increasing the retirement age to 70 by 2060. However, Sunak’s refusal to dismiss the idea altogether has raised fears that the retirement age could be hiked up even further, leaving many workers having to work well into their later years.

The prospect of working until the age of 75 is daunting for many individuals, especially those in physically demanding jobs or those who have health issues. The thought of having to work for an additional five years or more can be incredibly stressful and can affect both mental and physical well-being.

Moreover, raising the retirement age could have serious implications for the economy and society as a whole. Older workers may find it harder to secure employment in a competitive job market, leading to increased poverty and inequality among older individuals. It could also strain the already burdened healthcare and pension systems, as more individuals would be relying on these services for a longer period of time.

Many critics have also pointed out that raising the retirement age could disproportionately affect lower-income individuals who may not have the financial resources to retire at a later age. This could exacerbate existing inequalities and widen the gap between the rich and poor in society.

In response to the backlash, Sunak has stated that no decisions have been made regarding the retirement age and that any changes would be considered carefully. However, the mere suggestion of raising the retirement age has sparked anger and frustration among workers and retirees who feel that they are being unfairly targeted.

In conclusion, the idea of raising the retirement age to 75 is a controversial and concerning proposal that could have far-reaching consequences for individuals and society as a whole. It is important for the government to carefully consider the implications of such a decision and to take into account the welfare of all individuals, especially those who may be most vulnerable. Raising the retirement age is a decision that must not be taken lightly, as it could have lasting effects on the well-being and livelihoods of millions of people.