Tag Archives: john ralfe

Public sector pensions: cuts amount to 7%

Robert Peston’s analysis of the proposed public sector pension reforms from John Hutton contains this key calculation:

The estimate – made by the analyst John Ralfe – that the switch would save just £2bn a year, out of the estimated total annual cost of state pensions (much of which is hidden) of £30bn.

That £30bn is Ralfe’s estimate of the annual cost. It is double the official estimate, with the disparity due to a disagreement on the appropriate discount rate for valuing future liabilities.

A reduction in the value of retirement benefits of 1/15th would of course be unpleasant. But compared

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Recent Comments

  • Jason Connor
    Yes thanks for the analysis. I don't think it matters too much for the winning party if their % share falls. The Lib Dems have won seats recently with % share d...
  • Matt Wardman
    This is good commentary, though I rather disagree. Trump (and his manipulators on the "America Alone" US far right in his Government have had an agenda to re...
  • paul barker
    Thanks to the Team for the new, expanded coverage, much appreciated. In five of the six contests Reform had stood before & in each case their Vote Share fe...
  • Jana
    Looks like a night that would have pleased Restore who contested all 6 seats, with a huge 27.8% in Huncoat and other results between a low of 4.4% and 11.3%. ...
  • theakes
    Embarrassing....