Talking of pensions, the OBR report today is dire:
https://www.bbc.co.uk/news/articles/cy7nv3pdgr4o
Quote:
The OBR said the cost of the state pension has risen steadily over the past eight decades, from around 2% of the UK economy to a current 5%, equating to £138bn.
It is forecast to increase to 7.7% of the economy by the early 2070s.
Spending on the state pension has steadily risen, the OBR said, because the triple lock and a growing number of people above the state pension age.
It added: "Due to inflation and earnings volatility over its first two decades in operation, the triple lock has cost around three times more than initial expectations."
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It isn't sustainable. We can't keep cutting from elsewhere to underwrite ever-increasing pensions. There won't be a state pension left if it continues like this.
The triple-lock will eventually have to go or the whole thing collapses, it's only a question of if this Government or the next one dares to do it.