{
  "id": 3373415,
  "title": "State pension set to pile pain on next generation of taxpayers, Healey warned",
  "url": "https://urgent.news/2026/08/25/state-pension-set-to-pile-pain-on-next-generation-of-taxpayers-healey",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T23:01:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/state-pension-set-to-pile-pain-on-next-generation-of-taxpayers-healey-warned/"
  },
  "original_language": "en",
  "account": "A Labour-linked think tank has warned that the state pension will be the primary driver of taxation for the coming generation of taxpayers, urging Chancellor John Healey to impose higher charges on wealth. The Institute for Public Policy Research (IPPR) found that demographic shifts will account for two-thirds of fiscal pressures on the government by 2050 and a majority by 2075. By then, the percentage of people aged 65 and older could surpass a quarter of the population, compared to around 18% today. Professor Ben Ansell of Oxford University, who authored the report, estimated that the state pension and increased health spending could add around 10% of GDP to the fiscal burden faced by taxpayers in 2075. The state pension alone would contribute about three percentage points of this rise, with half of it attributable to the triple lock pension guaranteeing benefits to rise by the highest figure among inflation, wage growth, or 2.5%. This analysis follows several other warnings from leading economists, with the triple lock pension potentially causing benefits for the elderly to reach £181bn by 2030. Ansell emphasized that the tax system has recently prioritized younger workers while shielding those who have profited from years of rising property and asset wealth. He called for reform, suggesting changes to the tax system that would shift more of the burden from work to wealth and property, and be transparent about who pays and why.",
  "summary": "The state pension is set to be the main driver of tax for the next generation of taxpayers, a Labour-linked think tank has warned in a paper that urged Chancellor John Healey to levy higher charges on wealth rather than income. New research from the Institute for Public Policy Research (IPPR), the former employer of [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}