The light of the oncoming train

"The United Kingdom appears to be at high risk with regard to the long-term sustainability of public finances. Although the contribution of an ageing population is not amongst the most problematic, the UK's budgetary position poses severe risks to the sustainability of public finances." (p. 144)

Sustainability Report 2009 (EUROPEAN ECONOMY 92009) (provisional version)

(htp: Ruth Lea, in The Spectator magazine)