NEWS:

Responding to the announcements that the Government plans to give taxpayers more information about how tax is spent, Baroness Sally Greengross, Chief Executive of the International Longevity Centre – UK (ILC-UK), said

“Giving us as taxpayers, greater information about how our money is spent by Government, is very welcome. The Government uses tax revenue to transfer money between and within the generations. It is right that we all have a better understanding of these transfers.

It is right, for example, that the Government supports a decent pension alongside investment in the health and care needs of older people. It is also right that Government invests in the education of the young.
However, as we gain a greater understanding of how our money is spent, we must ensure that resultant public debate on intergenerational transfer does not generate unhelpful intergenerational conflict.”

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