'We Must Work Until 68 or Income Tax Will Soar'

Summary


Making us work until 68 is the only way to avoid a tax hike to pay for a huge increase in the number of pensioners, the man in charge of the reforms said yesterday.

Future generations will have to pay 4p more in income tax rates unless the retirement age is raised, Work and Pensions Secretary John Hutton said.

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Extract


'We Must Work Until 68 or Income Tax Will Soar'

The increase - to be introduced gradually over the next 40 years - will be included in a Bill of reforms to the system which will be published next we...

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