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The Guardian - UK
The Guardian - UK
Politics
Larry Elliott Economics editor

Cost of living crisis prompting over-50s in UK to seek work, thinktank suggests

Chancellor Jeremy Hunt is known to be looking at ways of reversing the trend in early retirement.
Chancellor Jeremy Hunt is known to be looking at ways of reversing the trend in early retirement. Photograph: Jordan Pettitt/PA

People in their 50s and 60s are re-thinking their decision to take early retirement after being made poorer by Britain’s cost of living crisis, a thinktank has suggested.

The Institute for Fiscal Studies said the squeeze on living standards caused by the highest inflation rate in four decades was the likely reason why more 50- to 64-year-olds were looking for work.

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