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I immensely agree with Joseph.
On the one hand it is very late to create such a generational reserve fund, for example France did it in 1999 and Sweden in...1960 (by then imposing an additional 3% levy on salries to build reserves, that is my definition of long term thinking and responsible politics).
But on the other hand given the very low interest rate environment it could still make plenty of sense for the UK.

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