Andrew wrote:

On 11/02/2018 23:58, Cursitor Doom wrote:
On Sun, 11 Feb 2018 20:01:35 +0000, Andrew wrote:

It's all there in the official mortality stats.

There are now 567,000 people aged 90+.

There are 14,500 people aged 100+.

These totals are relentlessly increasing.

The country's unfunded pension liabilities towards the elderly alone will
break us, let alone the costs of their care needs; medicines and surgical
requirements in later life!



They were massive, but manageable when Mrs T was in power, but 13 years
of NuLabia put paid to that when they allowed public service wages,
notably in the NHS to explode (OECD figures).

Senior hospital doctors' pay was somewhat lower in real terms at the end
of Brown's reign that it was in 1979. And even lower now. Much of the
increase in NHS pay was due to minimum wage laws, and largely represents
how very low pay was before. Other "huge" increases went to pay nurses
enough that *any* British trained nurses were willing to continue.




This, of course had an exponential effect on the size of the unfunded
pensions liability. The NHS superannuation scheme is totally unfunded.


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Roger Hayter