Laura Sharman Monday, March 21, 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

PA to Service Director - Planning, Transportation and Highways

Wakefield Council
£28,598.00 - £31,537.00, Grade 6, 37 hours
Are you proactive, energised, and ready to thrive in a busy, varied working environment? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Senior Lawyer

Wakefield Council
Grade 10 - Grade 12
Make law matter. Improve lives across the Wakefield District Wakefield, West Yorkshire
Recuriter: Wakefield Council

Team Manager - Child Exploitation and Missing Team

Wakefield Council
Grade 13 SCP 44 £57,770
Are you passionate about making a difference to our citizens and the district that they reside in? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Executive Director of Children’s Services (DCS)

Stockport Metropolitan Borough Council
£149,000 – £175,000
This is a defi ning leadership opportunity in a borough with real momentum Stockport, Greater Manchester
Recuriter: Stockport Metropolitan Borough Council

Director of Adults Commissioning and Provider Services

Trafford Council
£100,731 - £104,625
To help us realise this vision, we are seeking an exceptional Director of Adults Commissioning and Provider Services Trafford, Greater Manchester
Recuriter: Trafford Council
Linkedin Banner