Same old tricks from the Public Sector Pensions Commission
Today’s Public Sector Pensions Commission report is based on the politics of envy and a standard accounting trick to get some scary numbers.
Today’s Public Sector Pensions Commission report is based on the politics of envy and a standard accounting trick to get some scary numbers.
The focus of today’s attacks are the “pay-as-you-go” (PAYG) public sector pensions run by central government (and not the Local Government scheme).
The new regulation that employer organisations most dislike are the new rules that will provide some protection for agency workers – but the Coalition lacks the scope to do this.
The Daily Mail likes to think it speaks for middle Britain, but too often it confuses the interests of the super-rich with those of middle income earners.
Every household in Britain faces a bill of £47,000 to meet the cost of public pension liabilities says the Mail. Except of course they won’t. It’s meaningless.
The financial crisis is due to a long-term decline in wages at the bottom and middle. These workers have borrowed more and saved less.
Tax relief on pensions costs more than £36 billion pounds a year according to TUC analysis of Treasury figures. This is heavily skewed towards the well-off – not simply because they pay more into a pension but because the relieftest