The stereotype used to be that the public sector pays less than the private sector, but they get better pensions in return. I often hear this repeated as if it were still a fact, when it hasn’t been true for many years.
Nowadays, the pay gap is somewhere between small and non-existent. However, the pension gap, which was once meant to correct that imbalance, remains.
The public sector has an enormous pensions advantage, and yet in the Budget the Chancellor targeted the retirement savings of their worse-off counterparts in the private sector to make it even worse .
It’s an inexplicable decision if the Government wants – as it claims – to address the challenges of an ageing society. We don’t save enough for our old age, and the issue of social care remains unresolved. The Chancellor wou

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