Tories to cap public sector pensions at £50,000

The Tories would cap public sector pensions at £50,000 a year and freeze pay for all except those earning less than £18,000.

Mr Cameron outlined how a public sector pay freeze would produce savings
Mr Cameron outlined how a public sector pay freeze would produce savings

The detail is revealed in the Conservatives' public sector manifesto, which seeks to promote the ability of public sector workers to set up co-operatives to provide services.

The ability for NHS staff to set up co-operatives to provide services already exists in England.

The manifesto does give greater detail about public sector pay. It pledges not to freeze the salaries of the million public sector workers earning less than £18,000.

It adds: ‘The pay freeze for higher grades will produce savings equivalent to the cost of 100,000 jobs.'

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