Responding to today’s Fiscal Sustainability Report, Baroness Sally Greengross, Chief Executive of the International Longevity Centre – UK (ILC-UK) said:
“The future costs of our ageing society should rightly be worrying for policymakers. But they are not all inevitable.
“If we don’t do much more to support longer working lives and aid innovation in health, care and financial services, our economy will certainly suffer. Future generations will not thank us for inaction today.
“These figures highlight that the UK isn’t ready for ageing. Policymakers have some tough decisions to make but procrastinating is not helping anyone.
“There is a role for all of us. That’s why, on the back of these figures, ILC-UK are delighted to announce the launch of a major two year project to explore how we can ensure the future sustainability of our ageing society.
“Learning lessons from across the world, SOS 2020 (Sustainable Older Society 2020) will set out a plan of costed solutions aimed at Governments, the private and the public sector.”