Sunday, December 01, 2013

Britain's pensioners aren't being served from policy changes that date since 1979

My new piece for The Guardian's Comment is Free.


Well, at least we beat Mexico. The new OECD report on pensions reveals that for people on average earnings, Britain's state pension is the least generous of all the 34 OECD members bar one. The average Briton's state pension replaces 32.6% of their income when they retire. Our state pension isn't just stingy compared with other prosperous western European countries. The governments of Hungary, Slovakia, Slovenia all give their pensioners more, as does Turkey.
What an indictment of neoliberal Britain. We have the lowest state pension of any major country in Europe and also the highest rail fares. The country that comes top, or near the top, in tables where it's better to come bottom, we also come bottom, or near the bottom, in tables where it's better to come top.

You can read the whole piece here.

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