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Canary Wharf business district

Maintaining the financial stability of UK banks: Update on the support schemes

The scale of the support currently provided to UK banks has fallen from a peak of £955 billion to £512 billion, but the amount of cash currently borrowed by the Government to support banks has risen by £7 billion since December 2009. It is likely the taxpayer will be providing support for years to come.

Published:
15 Dec 2010
two pensioners working at a compiuter screen

The cost of public service pensions

“My report today sets out clearly the facts surrounding current cash payments from the public service pay-as-you-go pension schemes and the basis for future projections of these payments. The Treasury has performed some analysis on the sensitivity of its projections to changing assumptions, but has not considered the potentially significant effects of changes in the size of the public service workforce.

 

“Later this year I intend to report to Parliament on recent changes to the schemes, which are designed partly to reduce costs.”

Published:
12 Mar 2010