The rising public-sector-worker national debt

According to Stephen Yeo, an actuary at Watson Wyatt, the bill taxpayers will have to pay for the final salary pensions of the five million public sector workers has risen dramatically in the last two years from £425 billion to £700 billion. That is nearly twice the size of the national debt, yet you will not find it in the Treasury’s accounts.

From an article by George Trefgarne in the Daily Telegraph.

  1. The coming hike in National Insurance that is deliberately omitted from Labour’s election manifesto
  2. Cutbacks in NHS provision
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