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Economy: National Debt

Volume 711: debated on Monday 1 June 2009

Questions

Asked by

To ask Her Majesty's Government whether they have assessed any relationship between extending British working lives and reducing public borrowing. [HL3518]

To ask Her Majesty's Government whether they have assessed any relationship between extending British working lives and reducing national debt. [HL3519]

The Government are committed to maintaining and improving the employment opportunities for older workers. Between 1997 and 2008 the employment rate of older workers rose from 65 per cent to 72 per cent. Currently, around 1.3 million people have chosen to carry on working past state pension age. The Government's existing policies on the state pension age are incorporated into projections for the public finances.