Govt to offer public sector pension compromise

Union leaders will meet Cabinet Office ministers this morning to discuss the offer, the BBC reports. The compromise will include more generous accrual rates than currently on the table and higher "cost ceilings" on public sector pension expenditure. Danny Alexander, chief secretary to the Treasury, and Francis Maude, Cabinet Office minister, pictured, will inform MPs of their plans in a Commons statement. The news comes after several public sector unions have balloted for strike action on 30 November. The result of the ballots will be announced on Thursday.