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Call to raise retirement age to at least 70

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The looming pensions crisis is as serious as climate change, says the World Economic Forum.

 

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If you look at pensions in isolation then yes this is sensible.

 

However, by 2050 a lot of jobs will be destroyed by advanced computers and robot technology, with no current plan to create sufficient alternative jobs or a different economic model. If you don't have enough people paying into the tax system, then you can't pay the pensions.

 

During the next few decades, Governments are going to be faced with very unpopular decisions. It is quite possible that pensions will be cut in real terms, as well as increasing state pension age to at least 70.

 

If the UK has a massive shortage of houses, why has Government not set up large scale training companies teaching people basic building skills. These are then taken on to build houses around the country where they are needed. Better to invest now and equip the country with the basics it needs.


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