This is an immediate political issue in the UK but actually it is one for the entire developed world. The UK is slightly better placed than most of Europe and certainly Japan, as the population is projected to continue rising through the middle of the century. But just about everywhere fertility is below the 2.1 level needed to maintain populations. In 2019 thein England and Wales was 1.65 children per woman, lower than all previous years except 2000, 2001 and 2002.
Theresa May had a sensible plan 4 years ago but it was called a dementia tax. What will any new taxes be called?
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