UK Crisis Escalates - Joe Blogs

The UK government is spending more on pensions than ever before and it has just been announced that Pension Costs will rise by 4.7% which is ahead of expectations and inflation. With the State Pension alone set to cost nearly £150 billion next year, making it one of the top three items in the national budget.

In this video, I break down:

• How the triple lock drives pension increases
• Why the latest 4.7% rise pushes costs higher
• How the State Pension compares to the NHS, education, and defence
• What this means for taxpayers and future generations
• How UK pensions stack up against other G7 countries

Is the UK heading for a pension crisis? Let’s find out.

Chapters:
0:00 Intro
1:28 TRIPLE LOCK
4:47 UK BUDGET
6:39 FUNDING
7:56 COUNTRY COMPARISON
10:37 SUMMARY & CONCLUSION