Hike in public sector employee pension contributions nets Treasury £2.9bn

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The decision to increase public sector employee pension contributions is expected to net the Treasury an extra £2.9bn in 2014-15, according to official figures.

This exceeded the government's initial estimate of savings worth £1.8bn from the hike in contributions, which was first outlined in the 2010 Spending Review on recommendations made in the Hutton Re...

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