The Department for Work and Pensions has produced statistics to frighten the public into believing that compensating 3.8 million women born in the 1950s who lost out through the rise in the pension age from 60 to 66 will cost more than double the real price.
A new DWP research report issued a day after judicial review hearing on June 5 and 6 and given widespread coverage in mainstream media put the cost at an eye watering £188 billion and £212 billion instead of a previous figure of £77.2 billion. The directly comparable figure hidden in a footnote is £91.1 billion at today’s prices.
The full story including how the DWP really knows that 50s women are badly off is in BylineTimes here. https://bylinetimes.com/2019/06/20/project-fear-how-the-dwp-is-trying-to-mislead-the-public-over-the-backto60-pension-costs/