Increase SPA to 70 by 2046; cut spending by £20bn - PwC

clock

The only way to reduce UK public debt to pre-crisis levels is to increase state pension age to 70 by 2046 and implement a further £20bn of spending cuts, PwC says.

In a paper published ahead of the Office for Budget Responsibility's first detailed report on long-term UK fiscal sustainability, which is due next week, analysis by PwC revealed if current policie...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

LGRI funds acquisition of more than 480 affordable homes

LGRI funds acquisition of more than 480 affordable homes

LGRI funded the acquisition made by its subsidiary L&G Affordable Housing

Holly Roach
clock 18 December 2024 • 1 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

MPC meeting on interest rates to take place on 19 December

Sorin Dojan
clock 18 December 2024 • 4 min read
Rachel Reeves sets date for 'Spring Forecast' next year

Rachel Reeves sets date for 'Spring Forecast' next year

Chancellor will give accompanying statement to parliament on 26 March 2025

Sorin Dojan
clock 17 December 2024 • 1 min read
Trustpilot