A report in The Telegraph (HERE) claims that the pension age will have to be increased to the perhaps 75 to cope with the effects of brexit on immigration. Because there will be fewer people of working age it follows there will be a higher proportion of people in retirement. The government will be faced with the choice of increasing taxes, reducing the amount of the state pension or increasing the retirement age.
All those leavers who are mid fifties now will no doubt think it's all a bit of scaremongering. That's of course if they think at all.
The effects are already being felt in the labour market according to this report in The Independent (HERE) which says a drop in EU workers is contributing to shortages in filling both skilled and unskilled jobs. Others think that Brexit will result in a vanishingly small reduction in EU workers (HERE) and this is the governments dilemma. Cut immigration too much and the economy is badly hit, too little and leavers will not be pleased.
Personally, I've always thought that Brexit will be a vast expense to stop about 50,000 people a year coming here - that's about 0.007% of the population.
The effects are already being felt in the labour market according to this report in The Independent (HERE) which says a drop in EU workers is contributing to shortages in filling both skilled and unskilled jobs. Others think that Brexit will result in a vanishingly small reduction in EU workers (HERE) and this is the governments dilemma. Cut immigration too much and the economy is badly hit, too little and leavers will not be pleased.
Personally, I've always thought that Brexit will be a vast expense to stop about 50,000 people a year coming here - that's about 0.007% of the population.
No comments:
Post a Comment