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Image: Jorge Franganillo

Lies, damned lies an BBC economics

Lies, damned lies an BBC economics

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Who pays?

Unlike the majority of European states, the UK is much more dependent upon occupational and private pensions... which is fine on an infinite planet where a growth rate of five percent or more can continue forever.  Unfortunately, that is not the planet we live on.  And much of the supposed wealth locked up in pension funds was used to keep the global economy from collapsing after the 2008 crash.