00:00I understand that women affected by the changes to the state pension age feel
00:05disappointed by this decision but we looked at full in full at the Ombudsman
00:11recommendations and they said that around 90% of women did know that these
00:16changes were coming and as Chancellor I have to account for every penny of
00:21taxpayers money spent and given that the vast majority of people did know about
00:27these changes I didn't judge that it would be the best use of taxpayers money
00:32to pay an expensive compensation bill for something that most people knew was
00:37happening