George Osborne - My Fake Diary

Friday, 13 July 2012

Britain will need another £65bn in tough austerity measures to cope with an ageing population, fact!

This has to come on top of my £123bn, seven-year fiscal drive, which involves hundreds of thousands of public sector job losses, and a highly controversial overhaul of the welfare system and a higher pension age.

The ageing population is the key driver behind the pressure on public finances, as spending on health care and pensions increases, while dwindling tax revenues from sources such as North Sea oil interests could also have an impact.

Too many of the proletariat are living too long, that's the snag!

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