james
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Post by james on Sept 20, 2015 16:59:25 GMT
Presumably the estimates of the affordability of pension provision into the future take account of the reduced numbers of the working population relative to those pensioners they will support? The most recent forecast is a 17% increase in persons supported per working age person. That's from 3.21 working age per state pensioner in 2012 to 3.39 in 2022 then down to 2.74 by 2037. I expect the GDP forecasts to include the effect of the projected 12% increase in working age population. Germany appears to have woken up to this by accepting large numbers of young immigrants. UK public opinion and politics are still hostile to migration into the UK but it's still happening to the tune of a few hundred thousand per year, a very high percentage those who have a legal right to work in the UK because they are from the rest of EU. A bigger working population should be regarded as a good thing for reasons like lower per head taxes but public opinion in general still dislikes it when it's not composed of those with a couple or more generation of ancestry from the UK.
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