Laura Sharman 21 March 2016

Pension reforms will see '£650m stealth cut' to public services

Changes to public sector pensions, announced in last week's Budget, will see hundreds of millions cut from front line public services, according to research from the Liberal Democrats.

The analysis found that while plans to reduce the public service pension scheme discount rate will raise £2bn for the Treasury by 2020, the cost of administering the changes will be passed directly to employers.

The NHS alone will be left with unbudgeted costs of around £650m, while schools will be faced with £426m of costs.

Liberal Democrat leader Tim Farron said: 'David Cameron said he would do whatever it takes to fill the NHS black hole, and we've now discovered that actually means cutting £650m just to help the chancellor's budget-day balance sheet.

'George Osborne cannot pull the wool over people's eyes. Choosing to ask schools, hospitals, and forces to pay £2bn extra in pension contributions has a real cost, and vital services will have to pick up the bill.'

SIGN UP
For your free daily news bulletin
Highways jobs

Area Programme Director

Future Hampshire
c. £130k
You will work closely with our Senior Responsible Officer and his deputies to develop a robust and achievable transition plan. Hampshire
Recuriter: Future Hampshire

Unitary Programme Director (Mid Hampshire)

Future Hampshire
£120k
Across Hampshire, four new unitary councils are being created and this role will work within the wider programme Hampshire
Recuriter: Future Hampshire

Complaints Officer - 12 month Fixed Term Contract

Essex County Council
£27568.00 - £32432.00 per annum + +26 Days Leave & Local Gov Pension
Complaints OfficerFixed Term, Full Time£27,568 to £32,432 Per AnnumLocation
Recuriter: Essex County Council

Procurement Manager

Alongside
£24,000 per year
Alongside is the new name for Julian House. Bath, Somerset
Recuriter: Alongside

Social Worker

Gloucestershire County Council
£38,220 - £40,777
Are you an experienced Social Worker? Gloucestershire
Recuriter: Gloucestershire County Council
Linkedin Banner