Saturday, July 3, 2010
If the UK government sticks with the current austerity plans, that might already lead to strikes and so on, and keeps doing that for the next 30 years (past my working life and yours probably), our national debt will still hit 300pc by 2040. The article points out that the deficit is the rate of debt increase, not debt, and that the liabilities of the UK government are understated, and are due to dramatically increase as the population ages. Not a good message because we are trying to cut back but the damage is done now, so... I could have an around 150/month pension plan matched by where I work, but I am not so sure this is going to be worth it. I have my doubts that I will even get my 150 a month back, let alone the 300 combined.