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

Executive Director of Housing

Lewisham London Borough Council
£172,260 - £178,848
We will look to you to strengthen regulatory readiness, compliance and building safety; improve repairs London (Greater)
Recuriter: Lewisham London Borough Council

Deputy Manager Homelessness Prevention and Solutions

London Borough of Richmond upon Thames and London Borough of Wandsworth
£47,730 - 57,837 per annum
Job Title
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Assistant Planning Enforcement Officer

Durham County Council
Grade 7 £31,015 - £31,811 (pro-rata)
 Are you passionate about protecting and enhancing the built environment? Do you enjoy investigating issues, solving problems, and working with a wide Durham
Recuriter: Durham County Council

School Crossing Patrol

Durham County Council
Grade 1 £4,976 (approx.) £13.27 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

Teacher of Maths

Durham County Council
£32,916 - £51,048 pay award pending
We are looking for a maths teacher to join our school from Easter 2027. This post is suitable for ECT or more experienced teachers.    As a passionate Durham
Recuriter: Durham County Council
Linkedin Banner