UK Pension Fund Insolvency Soars by 30% in a Single Year

The London Sunday Times business section headline demonstrates what is really facing us and governments implode. Public sector pensions liability surged 30% in a single year due to low bond yields. It is not possible for the UK to fund 1.8 trillion. The first course of action will be, as always, raise taxes. That is the path California has taken. Government only looks to solve a problem for the immediate day. They will NEVER look forward because a politician is EXCLUSIVELY concerned with the next election.

This post was published at Armstrong Economics on Sep 26, 2017.