Ageing population, more long term conditions and a public sector pension liabilitty of £2tn+. There are not enough young people in the UK to bankroll the old folk, which is one of the reasons the Uk follows a high immigration policy (immigrants tend to be working age and have kids). And we are still ten to twenty years away from the worst effects of this situation biting.
And we are still ten to twenty years away from the worst effects of this situation biting.
Agree, and it could get into a negative spiral. The Callaghan quote comes to mind - "sometimes when I go to bed at night, I think that if I were a younger man I would emigrate".
Yes, on several levels.
Ageing population, more long term conditions and a public sector pension liabilitty of £2tn+. There are not enough young people in the UK to bankroll the old folk, which is one of the reasons the Uk follows a high immigration policy (immigrants tend to be working age and have kids). And we are still ten to twenty years away from the worst effects of this situation biting.