- Future payments for the state old age pension: £1.1- £1.4 trillion
- Unfunded public sector pensions for teachers, NHS staff and civil servants: £770 billion to £1.2 trillion
- Payments under private finance initiative contracts: £200 billion
- Contingent liabilities (eg bank deposit guarantees): £500 billion
- Nuclear power plant decommissioning: £45 billion
- Impact of financial sector interventions: £1- £1.5 trillion
The baby boomers and their parents have also benefited from phenomena that are unlikely to be enjoyed by future generations, including: free university education, including maintenance grants; mortgage interest relief at the highest marginal rate of income tax; property booms that saw a massive transfer of wealth from the young to the old; free long-term care for the elderly; the proceeds of privatisations of state assets; and the demutualisation and distribution of reserves of the the former building societies and life offices.And the political outcome of all that largesse was the Blair-Brown regime, which more than doubled the burden inflicted on posterity. It seems that only now is the country having to face up to the long-term social and economic consequences of the sense of entitlement arising from the perfectly understandable determination of the war-time generation not to be screwed as their parents were after World War I.