Clarke: pension age to 'drift up to the late 60s'

Clarke said chancellor George Osborne and secretary of state for work and pensions Iain Duncan Smith are still "locked in discussions" over the pension age, BBC Radio 4's World at One programme reports. "A universal retirement benefit at the age we had, it was unaffordable," Clarke said. "Think of our children, think of our grandchildren, who are going to have to pay for it when there are many fewer of them than there are these long-lived retired people we have now." The coalition government has suggested raising the state pension age to 66 for men from 2016, rather than by 2024 as...