State pension reforms hit women for £5.1 billion ‘substantially’ increasing poverty, major IFS study finds

‘Deep reforms to the state pension affecting more than a million women have saved the Treasury £5bn a year but also “substantially” increased poverty rates, a major new study has revealed.
The analysis sets out the impact of pushing women to work into their sixties, with their households stripped of £74-a-week worth of benefits.
Those hit branded the report from the respected Institute for Fiscal Studies shocking, while opposition politicians called it “grim reading” and claimed the Government had “catastrophically mismanaged” reform.
It comes as Chancellor Philip Hammond prepares for his Budget, which is expected to indicate that, despite years of swingeing cuts, Britain’s deficit may not be abolished for another decade.’
Read more: State pension reforms hit women for £5.1 billion ‘substantially’ increasing poverty, major IFS study finds