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

Recycling Centre Site Operative - Braintree

Essex County Council
Up to £25959.0000 per annum
Recycling Centre Site Operative - BraintreePermanent, Full Time£25,959 per annumLocation
Recuriter: Essex County Council

Recycling Centre Site Operative - Braintree

Essex County Council
Up to £25959.0000 per annum
Recycling Centre Site Operative - BraintreePermanent, Part Time (annualised hours)£25,959 per annum (full time equivalent)Location
Recuriter: Essex County Council

Care Resource Specialist

Durham County Council
Grade 10 £38,220 - £41,771
Do you want your work to make a real difference to the lives of children and young people in our care?   This is a brilliant opportunity to join a new Spennymoor
Recuriter: Durham County Council

School Crossing Patrol

Durham County Council
Grade 1 £4,106 (approx.) £12.85 per hour
Join our School Crossing Patrol Service! Are you punctual and reliable? Do you have good communication skills and a strong sense of community spirit? Durham
Recuriter: Durham County Council

Business Support Assistant

Durham County Council
Grade 3 - £25,185 - £25,989 (pay award pending)
We are seeking a proactive and organised Business Support Assistant to join our hospital social work team on a temporary basis. In this role, you will Seaham
Recuriter: Durham County Council
Linkedin Banner