Britons may have to work longer if immigration is cut in the wake of Brexit, according to a warning from the Government’s pension adviser.
John Cridland, a former CBI director reviewing the state pension age for the Government, said the “Brexit Factor” had made the future of the state pension uncertain.
The Government’s decision on pension changes, due in May, will be informed by Mr Cridland’s report to be published one month earlier.
Probably a true one too. Given the low rate at which we indigenes reproduce there aren’t all that many young people to pay for the old. So, it’s necessary to import more younger and more fertile in order to pay for the old.
Or, pay the old less or for a shorter period of time.
But the real point here is that governments have lied for the past century and more. The way they set up the pensions system was not sustainable, that’s exactly what we’re being told here.