[0762]

Just perusing a Sunday Times Business & Money report and it transpires that the public sector pensions bill has soared by 30% to more than £1.8T - almost the annual output of the entire UK economy!!! And the reason for it? One word - Brexit! A huge drop in bond yields since the EU referendum. This is just one of a multitude of economic 'hits' that will materialise and absolutely 'hammer' this country! The defining paragraph in this report refers to this current scumbag Tory govt where some experts say the govt should be more up front about the additional challenge for its finances - the Treasury and the ONS both entirely ignore public sector pension liabilities!! What else are they hiding eh?