Ministers are sad about falling in Britain. Here’s why this is a good thing | Larry Elliott

Ministers are sad about falling in Britain. Here’s why this is a good thing | Larry Elliott

ChamanyhiAck in early 1970s when he was the lead singer with faces, some of his fans expected that Rod Stewart would go to Maggie May for a half a century. The days disappeared when stone stars hoping to die before they grow old. However, 80-year-old stone stars symbolize the fact that Britain and other developed economies have populations of aging. Women have children later in life and have a little bit of it.

Politicians begin to get angry about the prospect of being a reduction in the number of people who work in the age of supporting constant pensioners. In this week, Secretary of Education, Bridget Phillipson, said the fall of birth has “worried repercussions” and that He hopes Can be easier for women to have children.

It may be a curious concern given that the UK population has risen from less than 60 million in 1932 and the number of 1932 and the number of rates in 1932 and the number of rates in 1932 and the rates of 1932 and the number of records in 1932 and the number of rates in 1932 and the lower rates in 1932 and the number of 1932 rates and the number of 1932 rates and the number of rates in 1932 and below the rates in 1932. If The one is a net worth migration to the net, the number of people in the UK finally start reducing.

There is a lot of obvious. It’s not very clear what, if there is anything, traders must do to raise fertility rates. The answer may be helpless. A fallen population is not a disaster. It can be a good thing.

The Prime Minister of Hungary, Viktor Orbán, definitely disagrees with that conclusion. So the President of France, Emmanuel Macron, and Prime Minister of Italy, Giorgia Moneloni. Italy has a tax-free allowance – A “Baby Bonus“- For women with children. The macron has a plan for France’s Demographic Rearmament. In 2019, Hungary offers women a € 30,000 (£ 26,000) of interest without interest That cannot be distracted by the incident they have three or more children. The UK chance corresponds to the level of generosity given to the rest of public finances.

However evidence from the nations hit the phonic button to reduce the population is not inspiring. Italian fertility rates, France and Hungary remain well below 2.1 despite fiscal indicators. And that’s because the reasons that attract women to delay childbirth – or without children – more powerful than government tax loans.

Don’t go wrong, it changes changes. Women are better educated than before. Many of them go to university, so there is a possibility to get interesting and good jobs. It is not surprising that most career companions take ahead of birth in their 20s. The days in which financial homes dependent on a male bread are primarily – and a good thing.

It’s also difficult for women who want to start a family at a younger age. Home price increase resulted in home ownership rates between 25- to 34-year-old Reduced from 59% to 39% Since 2000. Rents also add.

Because of all this, it is hard to see a lot of futures for the UK pronatalist policies. The reality is that British’s demographic recovery changes in the coming decades as people live longer and productive rates remain below 2.1. If the net migration below the level of recent years, the office for the responsibility of the budget thinks that the The population can be 1.2 million low by 2072 than 2022.

Is this true of a problem? Economist David Miles – one of those responsible for accompanying OBR and Fiscal economic forecasts – no one says. In a recent paper, he argues that disaster about the shrinking population is “most of the bunkum“.

In part, that’s because the entire population is expected to continue to grow in some decades to come, to put more environmental pressure and accelerate climate breaks. It provides little sense to adopt policies designed to increase fertility rates when the UK is an overcrowded island in an excess world.

But it is also the case that the combination of an aging and slow fall population can result in increases in living standards. Older people are likely to save more and means that the capital ratio of the creators will increase. There is, that is, fewer workers but they may be more productive.

Measured by gross domestic product, the economy varies, but GDP per head – a better measure of healing – more. There are less modest roads, less pressure on public services and less competition for home. Japan has an old and dug populations and as to be very copied.

Presumably, there is still necessary to be changes in Britain policy. If there are fewer young people, the economy is bad as well as a waste of individual potential for them not to work. In large, motivation behind polls that government welfare reforms have meaning. Child care should be more cheaper and pension age changes can also be required to extend working lives to those who can do so.

But it is unlikely that a fallen population is bad for the economy. It’s really good for the planet.

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