​Budget 2016: Public sector pensions savings will make it harder for schools and hospitals to balance their books - IPPR

"The Chancellor has once again promised to protect the headline amount of funding that goes to schools and health - but he is loading more pressure onto these services via the back door. In a little noticed move he announced that an additional £2bn worth of savings will come from public sector pensions. These pension changes will fall on all public sector employers – including schools and hospitals - which are meant to be ‘protected’ from spending cuts. They will find it even harder to balance the books in the coming years."

Contact:

Sofie Jenkinson, s.jenkinson@ippr.org, 07981 023031
Lester Holloway, l.holloway@ippr.org, 07585 772 633

Notes to Editors:

Our report for the autumn spending review "The chancellor’s choices: How to make the spending review as progressive as possible while still delivering a surplus" shows how the chancellor could make the forthcoming spending review as progressive as possible – while keeping his promises to reach a surplus by 2019/20 and to avoid rises in national insurance, income tax or VAT. See: http://www.ippr.org/publications/the-chancellors-choices