In his new book, Giles Merritt warns of an impending economic crisis brewing in the UK due to an ageing population. This demographic shift will strain pensions, healthcare, and public services as the working-age population declines.
Without urgent action, the UK risks "sleepwalking into collapse," as higher taxes will burden Millennials and Gen-Z to sustain the welfare state. Despite the need, political reluctance and declining immigration destabilize the workforce.
A call for candid discussions on ageing, taxation, and migration remains crucial for avoiding stagnation.