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 Ambassador Project Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£35,391 - £42,888
Community Ambassador Project Officer
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Director of Customer, Digital and Corporate Strategy 

North Tyneside Metropolitan Borough Council
£108,842
If you are a strategic thinker who can inspire teams, champion innovation and drive meaningful change, we would love to hear from you.  North Tyneside, Tyne and Wear
Recuriter: North Tyneside Metropolitan Borough Council

Trainee Business Administrator

London Borough of Richmond upon Thames and London Borough of Wandsworth
£27,781 - £31,575
Trainee Business Administrator
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Adults Social Worker - South Essex (Expression of Interest)

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 South England, Essex, Basildon
Recuriter: Essex County Council

Minerals Monitoring and Compliance Officer

Durham County Council
Grade 9 £35,412 to £39,152 per annum
We are looking for an experienced individual who has the knowledge of service planning issues relating to development management and monitoring / comp Durham
Recuriter: Durham County Council
Linkedin Banner