The Daily Mail reports that "The public sector pension liability is £1,000billion - much higher than ministers have admitted, researchers claimed yesterday.
A report from a Right-wing think-tank found that the Government is using an artificial interest rate which massively underestimates the true cost...
Officially, the Government has pension liabilities of £835billion - but Neil Record of the think-tank said that a more realistic estimate would be £1,071billion. This works out at £43,000 for every family in the country.
He said this will increase the Government deficit to 5.4 per cent of gross domestic product - more than twice the official estimate."
Marvelous, simply f***ing marvelous. I wonder which party the majority of these feather bedded public sector workers are likely to vote for?
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