In this paper, we present a new overlapping generations model of the UK economy. It takes a detailed approach to real-world trends around demographics, life-cycle behaviour and differences within and between generations, all in a general equilibrium setting. Calibrated to match UK economic data and reflect key features of our tax, spending and welfare systems, this is a cutting-edge tool to analyse the long-term impact of shocks, trends and policies on the UK macroeconomy and public finances.
