Taxpayers face whopping 150 percent jump funding gold-plated public sector pensions

The Treasury is expected to spend £3.3bn on retired public servants’ pay in the 2022/23 tax year, rising to £6.2bn in 2023/24 and then £8.2bn in 2024/25, according to documents from the Office for Budget Responsibility published alongside the Autumn Statement this week.

The Treasury is expected to spend £3.3bn on retired public servants’ pay in the 2022/23 tax year, rising to £6.2bn in 2023/24 and then £8.2bn in 2024/25, according to documents from the Office for Budget Responsibility published alongside the Autumn Statement this week.