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

Head of Housing Strategy, Quality and Assurance

Redbridge London Borough Council
£89,037 - £92,538
We’re looking for someone who can think holistically, and work in collaboration with other stakeholders Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council

Driver

North Yorkshire Council
£24,796 - £25,989 per annum, pro rata
We are looking for caring, flexible, team orientated and committed people to help us provide this transport. North Yorkshire
Recuriter: North Yorkshire Council

School Crossing Patrol

North Yorkshire Council
£12.85 - £13.47 per hour
All our school crossing patrols provide a really valuable service to the local community Knaresborough, North Yorkshire
Recuriter: North Yorkshire Council

Adults Social Worker - Mid Essex

Essex County Council
£37185 - £50081 per annum
Register your interest here to be notified of upcoming Social Worker opportunities within Essex County Council's Adult Social Care services in Mid Es England, Essex, Chelmsford
Recuriter: Essex County Council

Highways Maintenance Operative

Amey
£Competitive
Working with National Highways, Amey maintains over 700 kilometres of roads across the East Midlands Northampton, Northamptonshire
Recuriter: Amey
Linkedin Banner