John Mitchem considers a growth of liabilities from the elderly on the states of Europe

There is not space here to reproduce the 18 pages of this report but here is the overview.

The report deals with the particular problems of individual countries – Britain included. This is a debate will rumble on. To me, there is only one way we can afford an ageing population – growth.

It has got us where we are today and though we’ve taken a step backwards since the early years of this century, there is scope to step forward again. It is not good enough to say we will not afford demographic change, there is a need to afford it and it will come from progress in technology, like its done for 250 years.