The £1.7 trillion invisible debt mountain: public sector pensions liabilities
The Coalition judges itself partly on its progress on reducing the annual deficit to stop the total accumulated debt from spiralling out of control. But the official National Debt is not the only liability the Government is storing up for future taxpayers. Unfunded pension promises for public sector employees are not included in the National Debt statistics but their scale is enormous, larger even than the official National Debt. Unlike private sector pension plans, no funds are saved to meet the expected pension payments when they become due. The bill is simply left for future taxpayers to pay.
2:56 PM 29, Sep 2016 Tom Banks
4:10 PM 28, Sep 2016 The TaxPayers' Alliance
2:08 PM 22, Sep 2016 Sunny Chen
5:12 PM 15, Sep 2016 Dia Chakravarty
3:49 PM 15, Sep 2016 Sunny Chen
11:39 AM 15, Sep 2016 Tom Banks