The over-65 population will triple by 2070, placing immense strain on public finances.
The ageing of the UK population is one of those themes so familiar to us all that it rarely gets the attention it deserves. We periodically bemoan our falling fertility rate, cheer our rising longevity, shrug about the worsening dependency ratio, point to Japan, South Korea and Italy, where the picture is even more extreme, and move on to other things.