Britain faces a "bleak future" of rising taxes and rising deficits unless the Government reverses plans to increase state spending on the NHS and pensions, a new report has warned.

The UK's ageing population threatens to overwhelm politicians' efforts to get spending under control and bring down the national debt, said the report from pro-market think-tank Reform.

With the number of people aged over 65 due to soar by 1.4 million between 2011 and 2015, and the ratio of workers to pensioners expected to drop from 3.9 now to 3.2 in 2021 and 2.5 in 2041, the UK is entering a period of soaring demand for pensions and healthcare.

Report available at the following link: Old and Broke

Reform is an independent, non-party think tank whose mission is to set out a better way to deliver public services and economic prosperity. Reform is a registered charity, the Reform Research Trust, charity no.1103739.