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The great pensions gravy train is finally coming to a halt

Telegraph
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72% Informative

Institute for Fiscal Studies released a chapter of its Green Budget this week .

Public sector pay including National Insurance contributions accounts for a staggering 22pc of total government spending.

But public sector pay sits, in real terms, just 1pc higher than it was in 2019 and is still lower than in 2010 .

Labour 's recent actions have highlighted the risks of paydays that aren’t tied to reform.

In this sense, Labour ’s first big achievement may become a regret: having called time on one faulty pension policy and allowed room for talk of pension reform it may now need to grapple with the very politically tricky task of delivering something sustainable. Kate Andrews is Economics Editor at The Spectator Sign up to the Front Page newsletter for free: Your essential guide to the day 's agenda from The Telegraph - direct to your inbox seven days a week..