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

Community Support Worker - Centralised Safeguarding Triage

Essex County Council
£25395.00 - £32131.00 per annum + + 26 Days Leave & Local Gov Pension
Community Support Worker - Centralised Safeguarding TriageFixed Term, Full Time£25,395 to £32,131 per annumLocation
Recuriter: Essex County Council

Senior Applications Developer

Essex County Council
Up to £500.0000 per day
Senior Applications Developer Contract
Recuriter: Essex County Council

Project Manager (Major and Strategic Development) - WMF2479e

Westmorland and Furness Council
£45,091 - £46,142
This is an exciting opportunity to work within the Thriving Places Directorate within the Sustainable Transport Team. Cumbria / Various
Recuriter: Westmorland and Furness Council

Residential Night Support Worker - WMF2480e

Westmorland and Furness Council
£34,434 - £35,412 pro rata
We’re looking for Waking Night Support Workers to join our dedicated team at 23 Hart Street. Ulverston, Cumbria
Recuriter: Westmorland and Furness Council

Commissioning Officer - WMF2482e

Westmorland and Furness Council
£38,220 - £39,152
Have you ever considered working in Commissioning? Cumbria / Various
Recuriter: Westmorland and Furness Council
Linkedin Banner