Legislate to help protect future generations from unsustainable debt

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Legislate to help protect future generations from unsustainable debt

Petition Details

Pass a Future Generations Act to establish an independent commissioner to help ensure younger and future generations are protected from potentially unsustainable financial burdens, based on long-term impact assessments of public spending, borrowing, and tax policy.

Additional Information

According to the Office for National Statistics, public sector net financial liabilities (which include liabilities for public sector funded pensions) are rising. We believe that without long-term safeguards, younger and future taxpayers may face higher taxes or reduced services. We believe a legal duty needs to be established to give more consideration to intergenerational fairness in fiscal decisions.

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