Would retiring at 70 help tackle our national debt?

From Nwemail.co.uk

UK

A GOVERNMENT-FUNDED research body has recommended that the age of retirement is lifted to 70 to control national debt.

In a report released yesterday, the National Institute for Economic and Social Research concluded that lifting the retirement age, which is currently 60 for women and 65 for men, can get the country’s debt under control within 10 years.

Alternatives to lifting the age in the report were slashing public spending by 10 per cent or a basic income tax rate of 37 per cent.

“But whether people choose to work or are forced to work until 70 are two very different things.”