Labour may struggle to afford compensation for Waspi women, says Lord Blunkett

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Labour may struggle to afford compensation for Waspi women, says Lord Blunkett
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Former Labour pensions secretary Lord Blunkett has said the party may struggle to afford the potential of over £10bn in compensation for the millions of women hit by changes to the state pension. The Waspi (Women Against State Pension Inequality) group has recommended that each member should receive up to £3,000 in compensation due to government failures. However, neither the Government nor the Labour party have committed to setting up a compensation scheme for the 3.6 million affected women.

Former Labour pensions secretary Lord Blunkett has said the party may struggle to afford the potential of over £10bn in compensation for the millions of women hit by changes to the state pension . The Waspi (Women Against State Pension Inequality) group has recommended that each member should receive up to £3,000 in compensation due to government failures.

However, neither the Government nor the Labour party have committed to setting up a compensation scheme for the 3.6 million affected women.

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