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Old 22nd April 2004, 13:32   #39 (permalink)
maxy101
 
Join Date: Feb 2001
Location: Abroad
Posts: 520
answer=42 The other thing about pensions here on the continent is that virtually nobody has a private one. It is only recently that some countries changed their laws banning them. They are 20 yrs behind the UK in that respect. Unfortunately , for them, with the demographic time bomb ( i.e it takes 18 yrs to grow a taxpayer) they wont have enough time to do anything about it except borrow. This assumes that immigration policies stay as they are. One of the few EU countries to allow freedom of movement welcolme newcomers? The U.K , of course. I think successive UK governments have seen this coming for years , hence the encouragement for private pensions and the willigness to allow both legal and illegal immigration into the U.K.
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