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Time bomb

It's no secret that the UK - along with several other OECD member states - is facing a demographic time bomb as the 'baby boomer' generation heads into retirement. Twenty years from now around a quarter of the British populace will be over the age of 65, up from 16 per cent today. And the situation in other parts of Europe will be even more acute, the result of falling birth rates and increasing life expectancy.

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By Mark Robinson and Julian Hofmann,
30 November 2012

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