The government is right in its decision not to pay the women up to £10.5bn in compensation – it simply can’t afford to

Some women born in the 1950s were not adequately warned that they would have to work up to six extra years before drawing their state pension. Some have been left to rely on meagre benefits while they wait for delayed pensions. In March, an ombudsman judged that they deserved redress for communication failings, recommending compensation of between £1,000 and £2,950 each for maladministration.

However, the government claims that this is not justified on the grounds that about 90% of these women did know the new retirement age. The chancellor, Rachel Reeves, said: “Given that the vast majority of people did know about these changes, I didn’t judge that it would be the best use of taxpayers’ money to pay an expensive compensation bill for something that most people knew was happening.”

Polly Toynbee is a Guardian columnist