Laura Sharman 21 March 2016

Pension reforms will see '£650m stealth cut' to public services

Pension reforms will see £650m stealth cut to public services image

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

Youth Worker

Camden London Borough Council
£26,437 + £3,253 Inner London Allowance Pro Rata
Are you an experienced and passionate Youth Worker looking to make a real difference to the lives of young people in Camden? Camden, London (Greater)
Recuriter: Camden London Borough Council

Tree Officer

Camden London Borough Council
£34,033
We are looking for an experienced arboricultural professional to join a busy Tree Section working with the most up to... Camden, London (Greater)
Recuriter: Camden London Borough Council

Adults Social Workers - Basildon

Essex County Council
Negotiable
Working to support adults and their families, who have complex social needs and are more vulnerable as a result of disability, exclusion, or diminishe England, Essex, Basildon
Recuriter: Essex County Council

Senior Engineer

Lincolnshire County Council
£35,745 - £39,880
Are you an experienced Engineer looking for a new challenge? Lincolnshire
Recuriter: Lincolnshire County Council

Systems Development Officer

North Yorkshire County Council
£27,741 - £30,451
Are you passionate about technology and systems development? Northallerton, North Yorkshire
Recuriter: North Yorkshire County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue