Horner's Corner

UK Public Sector Pensions Lies: This Government Will Say Anything That Suits Them.

by on Dec.01, 2011, under economics, politics

Government ministers are lying -yes lying if/when they claim that public sector pensions aren’t affordable as undisputed figures indicate the opposite (they are shrinking as % of GDP).

They also lie if they claim these figures are projections based on their newest proposals – they aren’t; they are based on the deal made 5 years ago.

They also lie if they claim lowest earners would be better off under their proposals: easily refuted by going on their  website and using THEIR calculator.

They want us to work longer, pay more in, take a pay freeze,  lose 700,000 jobs.

The extra 3% they want from public sector workers  is effectively a pay cut; the money will not be ring fenced to go into pensions, but rather straight to the Treasury.

And the idea that we should accept this because private sector pensions are often even worse is beyond contempt.

Meanwhile the government opposes a Tobin (‘Robin Hood’) tax on financial transactions and won’t go after tax avoidance and evasion in any serious way. How serious can they be when they are laying off thousands of tax inspectors?

And a serious bank levy on the people who caused this in the first place? as far off as ever.

Finally: don’t kid yourself that after economic recovery, if it ever comes, they will repair the hole they want to blow in the public sector. This is permanent damage they want to do, for transparently ideological reasons. It’s called ‘neoliberalism’.

We have to fight them.

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1 Comment for this entry

  • Owen Boyd
    December 1st, 2011 on 8:33 pm

    Yep sounds about right to me! I’d like to see an end to all occupational AND private pensions, and have the state provide a decent living pension for everyone. Of course if everyone took up smoking it would be SO much more affordable.

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