How to defuse the pensions timebomb
Frank Field argues that a radical reform of Britain’s pensions policy could enrich both pensioners and the exchequer Ten years of austerity must deliver the country a radicalism that ten years of abundance has failed to achieve. The Prime Minister’s economic war council must decree that the necessary budgetary strategy also forges a radical agenda. Every secretary of state should be instructed to bring forward one major reform which, while cutting the size of a departmental budget, also begins to transform the political landscape. Combining these individual initiatives would lay the basis for a five-year reform programme, comparable to the models of 1906 and 1945. The most obvious and necessary
