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The Masked Tulip

The Cost Of Public Sector Pensions Is Twice The National Debt. Is That A Crisis Or Isn't It?

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According to new research undertaken for the IEA by Neil Record, a former Bank of England economist and now chairman of Record Asset Management, the total size of the public sector's unfunded pensions liability is now a jaw dropping £817bn, amounting to nearly 70 per cent of GDP, or nearly twice as much as the Government's own estimate of the costs.

Just to put the number further in context, it also amounts to nearly twice the size of the national debt. Whether such a humongous sum is in any way affordable is a matter of opinion, but at about £30,000 per household, many people would think not.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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