It is right that younger generations pay the soaring costs of unfunded commitments to older citizens, that is how it has always been.
Our manifesto couldn’t reasonably be expected to predict the freak consequences of Covid in terms of rapid wage growth.
We should base it on an index of cumulative change in wages.
The first group of savings are about making the state more efficient, the second about creating a state focused on the core tasks of government.
People over 70 will be urged to stay at home for up to four months, he says. “That is the plan”, but “not yet”.
It’s also more pronounced than for Leave-Remain. We are about to see a disproportionately Tory cohort succeeded by a disproportionately Labour one.
The Government needs to consider three strands if it is to offer a comprehensive solution: state support, private assets, and individual planning.
If ‘fair play’ is to mean anything, then it is vital that legal redress is available to all – regardless of income or background.
By 2018, we expect that figure to rise to 10 million employees newly saving or saving more – rivalling the combined populations of Scotland, Wales and Northern Ireland.