Implode-o-Meter News - Pensioners prosper, the young suffer. Britain's social contract is breaking

successive governments have legislated to increase the protection for these pensions, such as adding ever more requirements for price indexation. Sounds good. But such measures have the crucial drawback of making the cost of providing such pensions so high that companies have opted out from providing them for future generations of workers. The company pension has turned into an unrepeatable special offer for one generation.
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We are reshaping the state and storing problems for the future by creating a country for older generations. The social contract is a contract between the generations and in Britain it is being broken. So we need to help. A key driver is housing costs. That is why we need to get more housing built. It is outrageous when older owner-occupiers, having benefited from earlier waves of home-building, object to new housing.

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Pensioners prosper, the young suffer. Britain's social contract is breaking