The Telegraph, 19 August 2021
“The Government is set to deny pensioners a historic increase in the state pension, despite Britain having one of the worst pension provisions in the developed world.
“Britain has long been known for having one of the lowest state pensions, lagging behind that of many comparable countries. The UK has the worst mandatory pension provision of all 36 countries in the Organisation for Economic Co-operation & Development, which includes America, Australia, Canada and all major European nations.
“Research found that a British retiree’s pension income was typically 28pc of their pre-retirement earnings, about half the other countries’ average. Meanwhile, pensioners in France, Italy and Spain all received more than 60pc of the earnings they made during their working lives.
“The UK languished alongside the rates seen in Mexico, Poland and Lithuania, according to research from the OECD.”