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State pension news: Loophole exposes major flaw in Corbyn's WASPI pledge

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And fresh concerns about the policy emerged yesterday when low-tax campaigners speculated that the number of compensation claims could be increased as a result of the party’s separate proposal to allow people to specify their own gender. They feared the loophole could mean that a man born in the 1950s could legally declare themselves to be a woman to become entitled to the payment.

James Roberts, the political director of the TaxPayers’ Alliance, said: “This is just one of the ways taxpayers are likely to be stung by the raft of daft promises made by Corbyn. 

“Letting people redefine their gender for pensions purposes could see canny baby boomers cheat the system and further complicate the already-convoluted tax rules.

“Creating loopholes and costing taxpayers’ cash are hallmarks of yet more badly thought out election promises from preening politicians.”

More than 3.6million men were born between April 1950 and April 1960. 

Labour officials declined to discuss the potential clash between the two policies yesterday or make clear how the WASPI compensation rules would be set out under a Labour government.

The party’s general election manifesto says: “Labour is committed to reforming the Gender Recognition Act 2004 to introduce self-declaration for transgender people.”

Labour announced earlier this week that if the party wins the December 12 election the Treasury will compensate the Waspi women.

In a BBC interview, Mr Corbyn claimed his government would raise the cash necessary from Treasury reserves and extra borrowing.

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