Pensions time bomb is growing and it's lethal

Mark Littlewood appears on BBC Radio 5 Live

Mark Littlewood appeared on BBC Radio 5 Live to discuss welfare and the spending review.

Mr Littlewood stated that the spending review was "relatively pathetic" because the Chancellor was not willing to touch the biggest issues like welfare, health, or education which constitute two thirds of government spending. The long term danger of the current level of spending is that state pensions will cost £250 billion by 2050 when the UK has been living beyond its means since 2001, and despite investment into the businesses, the economy has not caught up. This means that George Osborne is just adding more to the deficit and only cutting very trivial spending because in 40 years time, he will not have to deal with the consequences.

Listen to the full programme here. Segment begins at 39.29