I’ve commented previously on the widespread tendency to exaggerate the impact of population ageing on public expenditure. Sure, it is an important source of upward spending pressure, particularly on long-term care and pensions. However, by far the biggest single area of spending pressure in coming decades will be health, and population ageing plays only a […]
![three bicycles parked in front of building](https://blog.pfmresults.com/wp-content/uploads/2021/06/hwlai5lrhdm.jpg)