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Tories expected to reveal public sector pension cuts today

Shadow Chancellor George Osborne is expected to announce plans to reform public sector pensions today, while scrapping some middle-class benefits.

In today’s first chapter of the Tory draft manifesto, Osborne will promise reform on “unaffordable” public sector pensions and unveil plans to remove benefits such as child tax credits for those better off.

Setting out the Tory manifesto, David Cameron said it is “the modern Conservative party that has the plans, the ideas, the energy, the people, the unity and the leadership to bring that change”.

He added: “We are all in this together, and we know that if we all pull together then this country can have great hope for the future. So let’s face this new year with confidence, optimism and hope – and let’s make 2010 the year for change.”


Minghella awarded an OBE

Outgoing chief executive of the Financial Services Compensation Scheme Loretta Minghella has been awarded an OBE for services to the financial services industry in the Queen’s New Year’s honours list. Minghella is leaving the FSSC in the spring after five years in the role. Other members of the financial services industry to be awarded honours […]


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There are 4 comments at the moment, we would love to hear your opinion too.

  1. Excellent news! We can no longer continue with a divided society where the taxpayer funds pensions for those employees in the public sector with no investment risk, whilst those in the private sector suffer the uncertainty and consequences of investment markets.

    The old argument that average public sector pay is lower than private sector pay, is no longer the case.

    Welcome to the “real” world Civil Servants, Teachers etc.

  2. I now have major concerns that we will be entering a period of strikes, disruption and chaos as a result.
    Whilst I agree that there is a need for change – we all saw the results of the BA debackle over Christmas when they tried to reform the packages of the workforce.

    As will all politicians grand gestures – the devil will be in the detail!!!

  3. It will never happen. What I found amazing is that in Bedfordshire civil servants could join the scheme up to age 75. What was also interesting is that that certain groups are allowed to join the main scheme. For instance, all the council houses where sold to a housing association and low and behold the housing association staff are now in the LGS. Why should I pay the pensions for what are independent businesses sold off by the Council.

  4. robert hewitson 6th October 2010 at 8:08 pm

    Lets not forget its not just civil servants that are in the scheme there,are more low paid workers in the scheme who would not be working in the public sector if there was not a descent scheme to fall back on after years of hard labour ending up with a lesser quality of life due to arthritis etc etc. And what would you do if you had no one to take the rubbish away,keep streets clean, heal you when your ill,etc the list is endless, people have not got a clue as to how many things are done in the public sector, So stop knocking the public sector, and put more pressure on greedy bosses and bankers who run around in beamers and audi’s to give the private sector pension a descent return!

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