Tax rise predicted to cover baby boomer retirement benefits

Jenna Towler
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Taxes will have to rise by more than £82bn a year to cover the pension, healthcare and benefits bill of the ‘baby boomer' generation, a report says.

A discussion paper from the National Institute of Economic and Social Research said taxes and spending would need to adjust by about 6% to 6.5% of GDP over time to rectify generational imbalances -...

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