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, the Chancellor announced the state pension age would be raised to 68 in the mid-2030s and 69 in the late-2040s.
"The reason we do this is because our country is getting older and we want to go on being able to afford really good pensions for people. There is not a bottomless pit of money," he told BBC1's Breakfast.
More top news
Drones and fireworks ensured the spectacle got off to a memorable start in front of 20,000 people.
Boris Johnson said the UK would not accept a Brexit which left the country ‘half in and half out’ of the EU.
International Trade Secretary Liam Fox said EU leaders should realise the severe economic impact they would face if there was a ‘no deal’ Br