COMMENT: The Chancellor cannot cut the deficit without tackling state pensions

June 25, 2013 11:30 AM

I wrote for City AM on the need for pensions reform if we're going to tackle the deficit in the long term:
IT HAS been six years since the financial crisis began, and the government’s books are still in a mess. As the chancellor prepares his latest Spending Review, public sector borrowing will yet again exceed £100bn this year. And most of that isn’t even cyclical – it is structural. In other words, its annual accounts will still be in the red even when the economy returns to a normal state.

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