Pensioners set to cost tax-payers billions

New research suggests that pensions will heap pressure on generations to come, requiring reams of extra tax rises. The Institute for Public Policy Research found that demographic changes will make up two-thirds of rising fiscal pressures on the government by 2050 and four-fifths of pressures by 2075. Senior City Reporter, Sam Norman, has the facts. Meanwhile, Deloitte is under fire from the Trump administration and has agreed to pay $21.5m to the US government to settle allegations that it violated federal ‘equal opportunity’ requirements. Our professional services editor Maria Ward-Brennan joins us to discuss. Plus: why Londoners are now having to stump up and EXTRA £35,000 in house deposits. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam