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Back in the 1990s, a row was brewing over the state pension.

After it was introduced for everybody back in 1948, men were entitled to receive it when they hit 65, but women started getting the payments from the age of 60.

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With more women heading to work and longer life expectancies, many argued it was time to even out the playing field and bring women’s retirement age in line with men’s.

And come 1995, John Major’s Conservative government introduced the Pensions Act, setting out a timetable to make the change.

The legislation said the qualifying age for the state pension would slowly increase over 10 years between 2010 and 2020.

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John Major introduced legislation to even out the pension age in 1995. Pic: PA

But come 2010 and the entrance of David Cameron’s coalition government, there was a desire to make cuts and save cash.

In 2011, a new Pensions Act was introduced that not only shortened the timetable to increase the women’s pension age to 65 by two years but also raised the overall pension age to 66 by October 2020 – saving the government around £30bn.

The changes in the law led to a backlash from the women affected – namely those born in the 1950s.

They complained many women weren’t appropriately notified of the changes by the Department for Work and Pensions (DWP) back in 1995, with some only receiving letters about it 14 years after the legislation passed.

Others claimed to only have received a notification the year before they had been expecting to retire, aged 60, while more said they never received any communication from the department at all.

And when the law changed again in 2011, there was again little or no notice from the government as women had to re-plan their retirements once more.

The new British Prime Minister David Cameron (left) with the new Deputy Prime Minister Nick Clegg on the steps of 10 Downing Street in central London, before getting down to the business of running the country.
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David Cameron and Nick Clegg’s coalition focused on saving cash. Pic: PA

Come 2015, a group of women impacted by the situation set up Women Against State Pension Inequality – or Waspi for short – to campaign on their behalf.

The group took no issue with plans to equalise the pension age, but they claimed millions of women had suffered financially because of the lack of time they had to plan their retirements.

By October 2018, Waspi had secured a full scale inquiry into the actions of the DWP by the Parliamentary and Health Service Ombudsman (PHSO).

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It took five years for them to carry out their work, but when they released their report in March 2024, it was damning.

The PHSO said thousands of women might have been impacted by the DWP’s “failure to adequately inform them” about the change to their state pension age, and they ruled compensation was “owed”.

The report suggested the compensation figure per person – based on the sample cases its authors have seen – should fall between £1,000 and £2,950.

But the ombudsman’s chief executive, Rebecca Hilsenrath, said she had “significant concerns” the DWP will not act on its findings and its recommendations – which are not legally binding – so PHSO had “proactively asked parliament to intervene and hold the department to account”.

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Both the DWP and Number 10 have said they will consider the ombudsman’s report and respond to their recommendations formally “in due course”.

But the Liberal Democrats are calling on the government to confirm payouts for “these courageous women, who have tirelessly campaigned for justice after being left out of pocket”.

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings.

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East makes it even more so.

Expectations had already been low, with the Canadian hosts cautioning against the normal joint communique at the end of the summit, mindful that this group of leaders would struggle to find consensus.

Canadian Prime Minister Mark Carney carefully laid down an agenda that was uncontroversial in a bid to avoid any blow-ups between President Trump and allies, who of late have been divided like never before – be it over tariffs and trade, Russia and Ukraine, or, more recently Israel’s conduct in Gaza.

But discussions around critical minerals and global supply chains will undoubtedly drop down the agenda as leaders convene at a precarious moment. Keir Starmer, on his way over to Canada for a bi-lateral meeting in Ottawa with PM Carney before travelling onto the G7 summit in Kananaskis, underscored the gravity of the situation as he again spoke of de-escalation, while also confirmed that the UK was deploying more British fighter jets to the region amid threats from Tehran that it will attack UK bases if London helps defend Israel against airstrikes.

Canadian Prime Minister Mark Carney is greeted by President Donald Trump as he arrives at the West Wing of the White House, Tuesday, May 6, 2025, in Washington. (AP Photo/Mark Schiefelbein)
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Canadian PM Mark Carney is greeted by President Donald Trump at the White House in May. Pic: AP

Really this is a G7 agenda scrambled as world leaders scramble to de-escalate the worst fighting between Tel Aviv and Tehran in decades. President Trump has for months been urging Israel not to strike Iran as he worked towards a diplomatic deal to halt uranium enrichment. Further talks had been due on Sunday – but are now not expected to go ahead.

All eyes will be on Trump in the coming days, to see if the US – Israel’s closest ally – will call on Israel to rein in its assault. The US has so far not participated in any joint attacks with Tel Aviv, but is moving warships and other military assets to the Middle East.

Sir Keir, who has managed to strike the first trade deal with Trump, will want to leverage his “good relationship” with the US leader at the G7 to press for de-escalation in the Middle East, while he also hopes to use the summit to further discuss the further the interests of Ukraine with Trump and raise again the prospects of Russian sanctions.

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“We’ve got President Zelenskyy coming so that provides a good opportunity for us to discuss again as a group,” the PM told me on the flight over to Canada. “My long-standing view is, we need to get Russia to the table for an unconditional ceasefire. That’s not been really straightforward. But we do need to be clear about what we need to get to the table and that if that doesn’t happen, sanctions will undoubtedly be part of the discussion at the G7.”

Prime Minister Sir Keir Starmer (right) is greeted by Prime Minister of Canada Mark Carney as he arrives at Rideau Cottage in Ottawa
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Prime Minister Sir Keir Starmer (R) is greeted by Mark Carney as he arrives in Ottawa ahead of the G7

But that the leaders are not planning for a joint communique – a document outlining what the leaders have agreed – tells you a lot. When they last gathered with Trump in Canada for the G7 back in 2018, the US president rather spectacularly fell out with Justin Trudeau when the former Canadian president threatened to retaliate against US tariffs and refused to sign the G7 agreement.

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Since then, Trump has spoken of his desire to turn Canada into the 51st state of the US, a suggestion that helped catapult the Liberal Party beyond their Conservative rivals and back into power in the recent Canadian elections, as Mark Carney stood on a ticket of confronting Trump’s aggression.

With so much disagreement between the US and allies, it is hard to see where progress might be made over the next couple of days. But what these leaders will agree on is the need to take down the temperature in the Middle East and for all the unpredictability around these relationships, what is certain is a sense of urgency around Iran and Israel that could find these increasingly disparate allies on common ground.

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

Bitcoin must upgrade or fall victim to quantum computing in 5 years

Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency.

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