Think Tank to Andy Burnham: Britain's £330 Billion Crisis Won't End Without Painful Tax and Pension Changes

The UK is facing a trifecta of problems—weak growth, rising ill-health and ageing population—leaving incoming Prime Minister Andy Burnham’s plate full (Credit: Daria Agafonova/Pexels)

Andy Burnham will officially be the head of the United Kingdom on Monday, 20 July, and will be expected to face a trifecta of problems—weak growth, an ageing population and an increasingly sick citizenry. These problems compound to a loss of about £330 billion every year for Britain, according to think tank Resolution Foundation

'Britain has been hit by a triple whammy of weak growth, rising ill-health and an ageing population over the past 20 years. Collectively, these three hits are costing £330 billion a year and are being paid for by more borrowing, the highest tax burden in 75 years, and huge cuts to public services,' said Senior Economist Simon Pittaway of Resolution Foundation.