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

Social Worker

Durham County Council
Grade 9 - £36,581 - £40,444 / Grade 11 - £42,123 - £46,579 pro rata pa.
1 x Temporary post (30 hpw) maternity cover for 12 months or return of the substantive post holder. Make a real difference at the point where people Durham
Recuriter: Durham County Council

KS3 PE/Humanities Teacher

Durham County Council
£32,916 - £45,352 pay award pending
Required for 1 year from taking up post. The Woodlands is seeking to recruit a qualified teacher to educate  permanently excluded pupils from mainstr Ferryhill
Recuriter: Durham County Council

Contracts Assistant

Durham County Council
Grade 5 £27,274 - £29,542
A vacancy has arisen within Business Services for a full-time Contracts Assistant. This is temporary for 18 months initially.   WHATS INVOLVED? Thi Durham
Recuriter: Durham County Council

Caretaker

Durham County Council
£25,614 - £26,016 pro rata
Required from 2 November, 25 hrs per week. Split shifts Monday to Friday (2.5hrs am & 2.5hrs pm) To carry out a full range of duties to provide for h Durham
Recuriter: Durham County Council

Lunchtime Supervisor

Durham County Council
£25,614 pro rata
Required
Recuriter: Durham County Council
Linkedin Banner