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Ed Balls is right on pensions

As the population ages, the government must take on pensioner benefits

By Patrick Nolan  

© Harry Potts

Ed Balls is right to argue that no sensible plan for rescuing the public finances can fail to look at pensioner benefits. Over the last three years the amount that government departments spend has shrunk on average by 8 per cent while the amount going on “annually managed expenditure,” which includes welfare benefits, has grown by 25 per cent. Benefits to pensioners account for…

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