Alf can see an awful down side to Labour’s plan to raise the retirement age.
His concerns are additional to National’s position, that Labour’s retirement plan is a response to unaffordable promises, including across-the-board tax cuts, exempting fresh fruit and veges from GST, and resuming contributions to the Cullen superannuation fund which it says will leave a $16 billion hole in the books.
Labour leader Phil Goff is reported to be hoping he can outflank National on debt and the national savings debate.