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  • Considering the ~£2.5tn state pension deficit this seems to be a mighty bold move.

    Edit:

    My bad, its more than that.

    The latest numbers show that the UK has accrued pension liabilities of £7.6 trillion – rights that have been built up in the past but not yet paid. There are assets of around £2.7 trillion invested to cover that bill so the shortfall is c£5 trillion. The biggest chunk of this is the State Pension which accounts for (currently) £4 trillion of the total.

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