The United Kingdom’s overall deficit for its benefit pension funds has increased by £100bn in a month to reach £710bn, a new report says.

Research carried out by PricewaterhouseCoopershowed that the pension schemes in the UK are liable to pay out £2,160bn, and total assets only reach £1,450bn. The effect of Britain’s vote to leave the European Union has been felt, as gilt yields lower and companies have had to make up the difference to meet future pension payouts.

  Digitalloook / PwC