The Tax Base is Fading to Grey

The number of people over state pension age is now officially greater than the number of children for the first time in our history. Today there are 4 people of working age for every person of retirement age. By 2050 there will only be 2 for every retiree.

It takes something like 30 taxpayers to support a bureaucrat, yet the ratio of bureaucrats to productive taxpayers is worsening. State pensions are unfunded. Where in the coming decades are the taxes going to come from to pay for the pensions and bureaucrats as well as servicing the colossal government debt?

Who will bear the terrifying burden?




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Quote of the Day

Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

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