Hutton: My public sector pension cuts are not deep enough

Hutton, who recommended the government's current reform plan just nine months ago in March this year, said the worsening state of the economy will make further cuts necessary. "The assumptions which underpinned my assessments of the long-term sustainability of public service pensions have been shown to be too optimistic," Hutton said in an interview with BBC Radio 4's The World This Weekend. "That is going to affect the sustainability of public sector pensions in a negative way." The ground underneath his previous estimates has changed "radically" in the "wrong direction", he said....