Economic warning over ageing population

Name: Economic warning over ageing population
Uploaded: 2011-07-13T11:59:24.000Z
Description: The Office for Budget Responsibility has warned that public sector net debt could hit 100% of GDP by 2058 as the increased life expectancy of Britons imposes a mounting strain.

This video can not be played

To play this video you need to enable JavaScript in your browser.

The Office of Budget Responsibility (OBR) has warned that the UK will effectively go bust if the government does not offset the impact of an ageing population with taxes and spending cuts.

Robert Chote, chairman of the OBR, told a news conference that net debt will once again start to rise from around 2030.

Business

13 July 2011