The great British pension: Steven King argues that government policy on pensions is returning to the principles and practice of the Old Poor Law.(Cross Current)

From: History Today | Date: October 1, 2004| Author: | Copyright information

AS WE APPROACH the END of the compulsory retirement age, there is a palpable sense of crisis over the British pension. The situation may be even worse for the French, Italians and Germans, but there is no getting away from the facts that the combined factors of an aging population, ideological constraints on raising direct taxation mid the persistent failure of the British to save for their long-term future means that a pension crisis is looming. The young are too few and, many would argue, overtaxed and overmortgaged. The elderly are too many, live too long and have saved ...

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