Retire early? Think again

The power struggle between Rayner and Reeves | Pakistani migrants tricking their way into Britain with fake £50k visas

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Tuesday, 22 July 2025 Welcome to From the Editor – the very best from our newsroom delivered to your inbox daily. Britons must work for longer and save more money. That’s the message from the Government as it launches an early review of the state pension age, which could see it raised faster than expected. But the political cost of forcing up to six million people to delay their retirement would be calamitous, writes Szu Ping Chan, our Economics Editor. And that’s not the end of the Westminster unrest. Tony Diver, our Associate Political Editor, unpacks the debate between Angela Rayner and Rachel Reeves regarding tourist taxes in English cities, which he says speaks volumes about the core policy differences between the two. I’d love to hear what you think of this newsletter. You can email me your feedback here. Chris Evans, Editor P.S. You can now enjoy everything The Telegraph has to offer in our summer sale. Claim 1 year of full access for just £25. Today’s headlines Tony and Cherie Blair given nearly £50k discount on designer clothes World Economic Forum ‘rigged data’ to make Brexit look like failure Watch: Double-decker bus crashes into bridge in Manchester Consultants told to demand £6,000 for working weekends during strikes Porn star filmed dancing naked after Clifton Suspension Bridge murders Trump administration releases Martin Luther King files Body found in search for missing jogger Rachel Booth Hard work should pay Unlock quality journalism that champions free enterprise Enjoy 1 year for £25 in our Summer Sale Subscribe now   Millions to be forced to work for longer under state pension reform Work longer and save harder. That was Liz Kendall’s message yesterday as she warned that millions of us are not putting aside enough for the future, reports Szu Ping Chan. It’s a bitter pill to swallow from a Labour government that’s already picking the pockets of working people and their bosses through higher taxes. Kendall has instigated an early review of the state pension age, prompting speculation that she is preparing to raise it faster than anticipated. Forcing up to six million people to delay their retirement – as would be the case if the Government brought forward plans to raise the state pension age to 68 from 2046 to 2039 – would go some way towards repairing Britain’s battered finances. But at what political cost? John Cridland, the former head of the Confederation of British Industry, who led a similar review of the state pension age for the Tories almost a decade ago, has warned that rising ill health means the Government will struggle to push the retirement age much higher. He’s got a point. Official statistics show life expectancy has gone into reverse since the pandemic. If that’s the case, people should be retiring earlier, not later. But as the welfare bill continues to balloon, workers across Britain look destined to put in extra hours to enjoy the benefits of a state pension. The question is: just how late will they have to leave it before they retire? Millions to be forced to work for longer under state pension reform ➤ Tony Diver Associate Political Editor   And there’s more money woe in Westminster. After months of wrangling over taxes, Angela Rayner and Rachel Reeves are once again at loggerheads over how to rescue Britain’s moribund economy. Ms Rayner is demanding that councils be free to levy a tourist tax on visitors as part of efforts to boost local authority finances – anathema to the Treasury, which guards its control over the public finances jealously. It might seem like an obscure dispute about devolution, but according to Labour sources, this is in fact at the heart of the policy difference between Ms Reeves and Ms Rayner that has dominated the headlines. The policy difference between Rayner and Reeves has dominated the headlines The Deputy Prime Minister is the most senior Left-wing voice in the Government, and those close to her say she has her own ideas about how Labour should govern. Ms Rayner believes that allowing councils more power to decide their fate will lead to better funding decisions, a more bespoke environment for businesses, and plaudits for the Labour politicians running city councils and mayoral offices. The Chancellor, a creature of Whitehall and central banking, does not agree. Labour sources say Ms Reeves is chasing “quick wins” on growth, and is wary of devolving more power to local authorities and relinquishing controls on spending. Here is the latest on the pair’s new political tussle. Continue reading ➤   Opinion and analysis   Charles Moore Former Telegraph Editor and Margaret Thatcher biographer Re-enacting the Battle of Orgreave is pointless Continue reading ➤     David Frost Brexit negotiator, Tory peer & Telegraph columnist As Britain’s Leftist puritans enforce rationing, America lives in abundance Continue reading ➤     Michael Deacon Telegraph columnist The mask is finally off: ‘anti-Zionists’ just hate Jews Continue reading ➤   Make your voice heard Join our journalists in conversation on today’s biggest topics Enjoy 1 year for £25 in our Summer Sale Subscribe now   Must reads The fruit you should and shouldn’t bother eating Revealed: Pakistani migrants tricking their way into Britain with fake £50k visas Mrs, Miss or Ms? The tiny tweaks that could make your car insurance cheaper Putin purges have got us s---ing ourselves, say oligarchs Move over, Traitors, the BBC has found its next big reality hit ‘I went in search of the Indonesia I saw on Instagram. The reality was tragically different’     The best of the Telegraph   Why over-60s should have four coffees a day Can’t kick your coffee habit? Here’s some good news: a recent study suggests that drinking four to six cups a day is linked to a lower risk of frailty in later life. We asked the experts whether your daily brew could really make you stronger – and which type of coffee is best for your health. Continue reading ➤   Discuss Every day, our journalists and readers discuss the day’s biggest issues on our app and website. Today, two readers comment on Sarah Edwards’s article ‘After I retired, my drinking skyrocketed. Here’s how I finally quit’. Louise Devlin I gave up drinking the day my hubby was diagnosed with terminal cancer. It could so easily have gone the other way, i.e. I could have drowned my sorrows instead. It was surprisingly easy, after years of a nightly glass or two of red wine. And now, 18 months later, I feel fitter, I am slim again, I sleep better, and the best thing of all, I still have my husband, and together we are managing to keep his cancer at bay.   Rob Williams One benefit of stopping drinking that rarely gets a mention in these kinds of articles is just how much money is saved… As a fellow alcoholic myself (now almost eight years sober), I wish the writer the best wishes with respect to her ongoing journey in sobriety. Coming up today At 11am, Michael Deacon will be responding to your comments on his article The mask is finally off: ‘anti-Zionists’ just hate Jews At 3pm, Celia Walden will be answering questions on The Gen Z stare At 5pm, Mike Warburton will be responding to your questions about his article Does being a widower mean I’ll avoid the £2m inheritance tax rule?   Enjoy our best experience Join us today and you’ll also unlock our award-winning app Enjoy 1 year for £25 in our Summer Sale Subscribe now   Listen Click below to enjoy one of our agenda-setting podcasts   Puzzles Find as many words as you can in today’s Panagram, including the nine-letter solution. Visit Telegraph Puzzles to play a range of head-scratching games, including PlusWord, Sorted and Quick, Mini or Cryptic Crosswords.   Yesterday’s Panagram was HINDERING. Come back tomorrow for the solution to today’s puzzle.   Newsletters Read and sign up to our newsletters Telegraph Money • Wednesday Want to be richer? 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