The £6.4 trillion pension burden and the taxpayer prevention programme
New figures show that ‘[t]he twin burden for taxpayers of final-salary pension schemes for public sector workers and the state pension has risen by more than £1 trillion in three years’; an Office for National Statistics report shows ‘that liabilities for Government-managed pensions, including the state and public sector pensions, grew from £5.3 trillion at the end of 2015 to £6.4 trillion at the end of 2018, an increase of 21 per cent.’ With fears regarding the impact of Covid on the economy, the cost of state pensions is set to increase further in April, as the Government’s ‘“triple lock”