Retirement Commission joins Treasury’s warning call

Commenting on today’s release of the Review of Retirement Income Policies 2025 by the Retirement Commission, James Ross of the Taxpayers’ Union said: “This is another warning shot across the Government’s bow.”

“Continued deficit spending means current policies are shifting more of the costs of supporting pensioners on to future generations. The Retirement Commission are right to call for productivity growth, and highlight the need to avoid higher taxes or increased debt.”

“Treasury’s three stewardship reports this year have been clear; our current trajectory is unsustainable. Persistent budget deficits, borrowing, and a growing debt pile threaten our economic stability. While the Retirement Commission were a bit more gentle in their critiques, they’re clearly pointing out the same risks.”

“The sooner policies are changed, the less dramatic the changes need to be. With Government spending still higher than when Labour left office, now is the time to be serious about getting spending under control.”