General   (General discussion, talk about anything.)

GB

UK public finances have been badly hit with Covid costs, energy price support for industry and domestic users and interest rate increases.
They are also coming under increasing strain due to the increase in the number number of working age people claiming disability benefits. The mandarins in the Treasury are having sleepless nights worrying about the cost of the new NHS recruitment drive. Inevitably, whichever political party is in charge it looks like cuts to government spending in other areas will have to be made.
Because personal taxation is at a historic high it will be difficult to secure additional contributions from this source. Increases in VAT will add to inflation so not much joy there.
The pension retirement age is based on actuarial data from the Treasury.
It’s not easy to see any major addition to the above from Liz Truss’s short term of office as PM.
She may well have spoked the markets and some pension funds for a few days but that’s about it.