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

RCHW Site Operative

Essex County Council
Up to £25959.00 per annum
RCHW Site OperativePermanent, Full Time£25,959 per annumLocation
Recuriter: Essex County Council

Adults Social Worker - West Essex

Essex County Council
£38487 - £51834 per annum
Register your interest here to be notified of upcoming Social Worker opportunities within Essex County Council's Adult Social Care services in West E England, Essex, Harlow
Recuriter: Essex County Council

Principal Highway Drainage Engineer

Herefordshire Council
HC10 £46,142 - £50,269 per annum
This is an exciting time to join the Highways and Public Realm team at Herefordshire Council. Herefordshire
Recuriter: Herefordshire Council

Finance Manager - Housing

Rotherham Metropolitan Borough Council
£58,165 - £62,094 (Pay award pending)
Do you want to be part of a great team that genuinely makes a difference? Rotherham, South Yorkshire
Recuriter: Rotherham Metropolitan Borough Council

Senior Licensing & Housing Enforcement Officer

Lewisham London Borough Council
£49,155 - £51,228 per annum (PO3)
Discover yourself in Lewisham where what you do makes a difference... Laurence House, 1 Catford Rd, London SE6 4RU
Recuriter: Lewisham London Borough Council
Linkedin Banner