According to a report by the National Institute for Economic and Social Research, to bring public debt under control in the next ten years, the Government will have to raise the state pension age to 70, or raise the basic rate of Income Tax by 15p in the pound, or cut government spending by 10%, sending education, the NHS etc to the wall!
Why didn’t the Government put this money into their piggy bank instead of committing British troops, and billions of pounds, on the invasion of Iraq, and spending money like a sailor on shore leave, bailing out greedy banks?
I’ve heard of people working past retirement age to pay off their own debts, but this is the first time that I’ve ever heard of anyone doing it to pay for someone else’s mismanagement of money!
Daft I call it!
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