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Date: 03/12/08 
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Inflation

Retail Prices Index

September 5.0%
August 4.8%
July 5.0%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to August 2008 (exc. bonuses)

Private Sector 3.6%
Public Sector 3.6%


Source:
Office of National Statistics

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12-Aug-08 11:15 [Pensions]
Public pensions get '£210 more than private'
Research carried out by one of the nation's national newspapers has revealed that public sector workers are receiving £210 more per week in their pension schemes than private sector counterparts.

The Daily Mail commissioned an analysis by Dr Ros Altmann, a pensions expert from Pension Actions Group who previously advised the Treasury, to find what the paper said was the "starkest illustration yet" of a two-tier pensions system.

Dr Altmann understood that although bigger public sector pensions were previously justified by lower wages, this was "no longer the case" with them earning £60 a week on average more than private workers.

It added that many private sector workers were footing this bill while being faced with financial problems in later life themselves.

Dr Altmann told the Daily Mail: "The public sector unions have negotiated amazing deals for themselves and their workers.

"They have done a brilliant job, but who is protecting us taxpayers?"

Recently, the Scotsman warned people not working in the public sector should be cautious of the market downturn as pension pots could be "eroded".

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