Any universal scheme for giving pensions to everybody is…beyond the resources of the state. It would cost such an enormous sum, and would involve such an entire disintegration of our whole financial system, that it is perfectly impossible to contemplate it as practical legislation.


speech on the Pensions Bill, House of Commons, 22 March 1899


Any universal scheme for giving pensions to everybody is…beyond the resources of the state. It would cost such an enormous sum, and would involve...

Any universal scheme for giving pensions to everybody is…beyond the resources of the state. It would cost such an enormous sum, and would involve...

Any universal scheme for giving pensions to everybody is…beyond the resources of the state. It would cost such an enormous sum, and would involve...

Any universal scheme for giving pensions to everybody is…beyond the resources of the state. It would cost such an enormous sum, and would involve...