A LIFETIME OF EXPLOITATION

Britain's pensions crisis was laid bare as official figures showed almost a million over-65s are working or looking for a job. They include 158,000 people over the age of 75. According to the most recent census, the number of residents of England and Wales aged 65 and over rose by nearly a million to 9.2 million between 2001 and 2011. One in 10 of those was employed or job-hunting. The number of those aged between 65 and 74 who were still economically active rose by 413,000 from 8.7 per cent to 16 per cent. 'Michelle Mitchell, of Age UK, said: "People are living longer and are generally in better health, so many are likely to want to carry on working. However, rock-bottom annuity rates combined with low interest rates on savings mean others have no choice but to carry on working because they cannot afford to retire".' (Daily Express, 7 September) Even after working for almost fifty years many workers still cannot afford to retire. RD