Britain's stingy state pension is good news
That Britain has the least generous state pension in the G7 should be recognised for what it is: good news. The fact that it won’t be celebrated tells us a lot about the mismatch between policy and politics around pensions in the UK. The nature of Britain’s state pension isn’t an accident or a failure. It’s the product of deliberate design. For the past three decades, British policymakers have chosen to provide retirement income largely through private saving rather than tax-funded state benefits. They’ve done so quietly, but rationally. The alternative would be to copy France – a country that still treats the state pension as a social guarantee and