DWP Select Committee
Work and Pensions Committee
Wednesday 13 April 2016 Meeting started at 9.32am, ended 11.58am
UK savings are at an all-time rate at just 4% according to the OECD and set to fall. This compares with 14.5% in France and 9% in Germany.
Consumer Debt is £6,700 for the average household with £48,000 of mortgage debt. Last year the average family paid £1,900 in interest.
Subject: Pensions automatic enrolment
Witnesses: Michael Johnson, Research Fellow, Centre for Policy Studies
Subject: Intergenerational fairness
Witnesses: Michael Johnson, Research Fellow, Centre for Policy Studies
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