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Twenty per cent is a very modest reduction and, as Chris Stark said, that reduction may well happen anyway because of shifts in choices and behaviour across the generations.
The most recent United Kingdom Government information came out in May, so I presume that things have changed significantly since then, but we do not know.
Social Security Committee 03 May 2018 Social Security Committee 03 May 2018Decision on Taking Business in Private Decision on Taking Business in Private Good morning and welcome to the Social Security Committee’s 10th meeting in 2018.