Cost of public sector pensions increases despite Hutton reforms

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The annual cost of unfunded public sector schemes has increased since the introduction of the Hutton reforms according to figures from the Office for Budget Responsibility.

This year's Budget report forecasts a £10.5bn cashflow shortfall for the schemes in 2012-13, a third higher than predicted in the 2011 budget report. The difference between projections from 2011...

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