Our place to talk – an independent website for supporters of the Liberal Democrat party in the UK.

The most-read independent website by and for Lib Dem supporters. Not paid for by trade unions or millionaires.

Advert

Tag Archives: john ralfe

Public sector pensions: cuts amount to 7%

By Mark Pack | Sat 12th March 2011 - 3:26 pm

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

…

Continue reading »

Posted in News | Also tagged john hutton, pensions and robert peston | 41 Comments

Most Read

Op-eds

Observations of an ex pat: Stormy Red Sea (Tom Arms)
By-Election Report 01.10.26 (Joe Nutt)
Picking our allies, a perspective on Israel/Palestine (Gillian Mosely)
Burnham is right to reform the triple lock; the Lib Dems should support it (James Hill)
Why I won’t Wayve goodbye to Black Cabs (Christian de Vartavan)

Advert

Recent Comments

Dan Carr
I commend you Christian for noting what you personally plan to do rather than calling for government regulation to enforce the maintenance of your preferences. ...
Jack Meredith
@Matt (Bristol( WOW, you literally did call it!...
PM
@ Mick, We agree that the triple lock should be maintained . We disagree that the burden should fall mainly on the younger generation. This is what your " w...
David Allen
Selfish comment: I'm 76, healthy for now, live in a small village, couldn't easily cope without a car. One day, I might become unable to drive. Then, despite ...
Peter Davies
Driverless cars are not just a replacement for Black Cabs which make up a small proportion of the hire market. They will replace minicabs first but expect them ...