10 ms·

That's got to be offset by the increasing pension age? Apparently accelerating the changes saved around £215bn (between 2011 and 2026). https://www.bbc.co.uk/

• 666lumberjack 7y ago
  In the short term maybe? A forward shift in age threshold is essentially a one-time reduction to expected future pension expenditures, whereas the triple lock and increasing post-retirement life expectancy are continuous increases.
  • stu432 7y ago
    If you think the raise of pension age is a one-time event, I think you'll be sorely disappointed.