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The UK's gold-plated public sector pensions bill has now passed £200,000 per household, analysis reveals . State workers have built up £5.8 trillion in inflation-linked retirements, up from £4.9 trillion in 2023-24, projections from Neil Record, former Bank of England economist, show.

This has increased the debt to £203,000 for every UK household, up from £173,000 last year. Mr Record said the taxpayers’ burden was now “out of control”, while Angus Hanton, of the Intergenerational Foundation, called it a “betrayal of younger people”.

Mr Record said: “The burden now facing taxpayers is out of control. Not only is Rachel Reeves heaping more taxation on millions of ordinary working people, the Government is continuing to allow a privileged pension elite – public sector worker

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