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

Director of Legal and Governance

Cumbria Combined Authority
£109,000
The new Cumbria Combined Authority has been established to unlock that potential. Cumbria
Recuriter: Cumbria Combined Authority

Executive Director of Finance

Cumbria Combined Authority
£131,000
The new Cumbria Combined Authority has been established to unlock that potential. Cumbria
Recuriter: Cumbria Combined Authority

Reviewing Officer

Durham County Council
Grade 6 - £28,142 - £31,022 (pay award pending)
We are looking to appoint a full time Reviewing Officer working within a Countywide Adult Care Learning Disability Review Team overseeing the annual r Durham
Recuriter: Durham County Council

Lunchtime Supervisor

Durham County Council
£24,796 pro rata (Pay award pending)
Permanent, Part time. Term time only. 11.30am to 1.00pm daily The Governors of Red Rose Primary School wish to appoint two enthusiastic and motivated Durham
Recuriter: Durham County Council

Ugobus Driver - Clacton

Essex County Council
Up to £25959.00 per annum + pension
Ugobus Driver - ClactonPermanent, Part Time£25,959 per annum (full time equivalent)Location
Recuriter: Essex County Council
Linkedin Banner