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Osborne defends raising state pension age

Britain's state pension system faced collapse if action had not been taken to raise the age at which people will be able to retire, George Osborne has claimed. yesterday he announced it would be raised to 68 in the mid-2030s and 69 in the late-2040s.

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Osborne: State pension to rise by £2.95 a week

The state pension is set to rise by £2.95 a week from next April. Credit: Press Association

George Osborne has announced that the state pension to rise by £2.95 a week from next April, leaving pensioners £800 a year better off from Government measures since 2010.

Pensioners will also be offered the opportunity to make voluntary national insurance contributions to boost retirement income.

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