It is useful to remember what Hammond said in a response to a question from Andrew Marr, which was: "When you take into account the very generous contributions that public sector employers have to pay in to their very generous pensions it is a simple fact: relative to private sector workers, they are paid a 10% premium."
The average pension of public sector workers is no more than £6,500 per annum. Many workers in the public sector are on poverty pay. The vast majority currently working along with those who have already retired will never receive the 'New State Pension' or anything close to it as the legislation debars those people who contracted out of SERPS.
Latterly millions of workers in their 30s and 40s in both public and private sectors have been told they will have to wait a year longer and lose up to £10,000 of whatever State Pension they will receive. Again we are told that to do anything else would lead to disaster. Little wonder in responding to the announcement that Labours Shadow Work and Pensions Secretary Debbie Abrahams accused the Government of forcing "millions of people to work longer to pay for their failing austerity plans".
It is not just that Hammond is a hypocrite with a £9 million fortune and a Chancellor's pensionable salary of £134,000 a year. It is the fact that he is just plain wrong.
Many members of the public have written to try and correct Hammond’s misguided assertions and you can see some of the comments at this link.
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