Labour pledges £58bn for women caught in pension trap

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Shadow chancellor John McDonnell says party ‘owes debt of honour’ to 3 million over changes in retirement age

More than 3 million women who believe they have been left thousands of pounds out of pocket after steep increases to the state pension age are being promised compensation by Labour as part of a £58bn scheme designed to end a “historic injustice”.

Related: ‘The Tories stole my state pension when I was 60, now I want it back’

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