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

SEND Participation Engagement Officer

The Royal Borough of Kensington & Chelsea Council
£40,404
You’ll also represent young people’s perspectives at service level meetings and champion robust safeguarding practices London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Social Worker, Young People with Disabilities (16 - 25)

Essex County Council
£36124.0000 - £51834.0000 per annum
Social Worker, Young People with Disabilities (16 - 25) mid TeamPermanent, Full Time£36,124.00 to £51,834.00 Per Annum Location
Recuriter: Essex County Council

Head of Housing Management

Redbridge London Borough Council
£89,037 to £92,538
You’ll enhance our emphasis on quality assurance and getting things ‘right first time’ – making better use of technology in our approach London (Greater)
Recuriter: Redbridge London Borough Council

Head of Local Taxation

Redbridge London Borough Council
£79,119 - £82,368
This is a key leadership role in the Council, with responsibility for the effective and efficient collection of business rates and council tax London (Greater)
Recuriter: Redbridge London Borough Council

School Crossing Patrol Officer - Vacancies across Essex

Essex County Council
Up to £13.46 per hour
School Crossing Patrol Officer - Vacancies across EssexPermanent, Term Time£13.46 per hourLocation
Recuriter: Essex County Council
Linkedin Banner