Budget 2010: Public sector pension costs spiralling

In his Budget speech today, he said the cost of public sector pensions had spiralled - and would cost £10bn a year to support by 2015/16 financial year. And he said more jobs would be lost if the government did not deal with public sector pay and pensions. This comes just days after the government established an independent commission to look at ways of reducing the costs of public sector pensions (PP Online, June 21). On Sunday, chancellor George Osborne said he had appointed Lord John Hutton - the former Labour secretary of state for work and pensions secretary, who was ennobled ...