Another nail was hammered in the coffin of freedom of contract today when the Government confirmed that it was scrapping what it calls the "default retirement age". The "default retirement age" allowed employers and employees to freely agree a retirement age as long as that age was not below 65.
The idea that employers and employees should be allowed to sign contracts of employment with agreed retirement ages written into them is regarded by the coalition as a relic of the days when contracts of employment were free agreements between employers and employees. The late twentieth century saw contracts of employment being written by governments, with jobs having some kind of property right entitlement to those who are lucky enough to have them.
The concept of the freely-agreed retirement age has been undermined over the last few years and will now be scrappe