Quote:
Originally Posted by Sephiroth
Handbags at dawn, Carth.
---------- Post added at 17:20 ---------- Previous post was at 17:08 ----------
Yes - you're right. The culprit is the 2½% minimum element of the triple lock. Mathematically, if annual economic growth remains below 2½% perpetually, then pensions will exceed cash available (in theory). Hence unsustainable.
|
I'm a pensioner so can't afford a handbag, I do have a pointy stick though
Surely the answer then, is to attain annual economic growth greater than 2½% . . . how hard can it be?
