Chuck LEAN Business Consultant
Let's talk about social issues in the UK:
Some key issues are:
Rethinking retirement
The UK is home to an aging population. According to the latest statistics from Age UK, there are now nearly 12 million people aged over 65 in Britain[3]. (And this is a global issue – the World Bank has stated that if the global over-65s were a country, only China and the US would be bigger[4].)
This presents a major challenge for the UK Government and society as a whole. The state pension bill is set to rise rapidly while growing numbers of elderly people will have an impact on the NHS and social care provision. And a decline in the working population means a drop in tax revenue to fund all this.
Investing for global good
Global political tumult and societal upheaval have had a strange and worrying effect on the financial markets. There has never been so much money available in the world but, with interest rates at historic lows and likely to stay that way, investors are plowing their capital into bonds and securities with sub-zero yields – they are guaranteed to make a loss on their money.
Can you please add to these social issues?
What about UK homelessness?
At least 320,000 people are currently homeless in the UK, according to estimates by Shelter, the homelessness charity. The figure rose 4pc last year, meaning that 36 people lost their homes each day. The charity also found that 135,000 children in Britain are homeless, living in temporary accommodation, which is the highest number in 12 years. Last year, the Government pledged to halve the number of rough sleepers on UK streets by 2022 through a £100m program.
There must be other social issues you know?