Prime Minister Rishi Sunak has been advised to slash 90,000 civil sector “Blob” jobs in order to prevent a trillion-pound pension black hole bill larger than the entire UK economy.
The number of retired civil officials getting pensions of more than £100,000 per year has more than doubled in the last year, and inflation-linked cast iron payments are due to rise by 7% in April.
In just seven years, more than 100,000 new positions have been created, expanding the size of “The Blob,” as some pundits have termed the civil service, by 24%.
Overall, government employee pay has risen from £9.7 billion in 2010 to £15.5 billion in 2023. In 2021, the public sector pension expense was £116.7 billion.
Former political editor Trevor Kavanagh writes in the Sun that the only way to avoid a “nuclear mushroom cloud” of a pensions disaster is for the Prime Minister to slash jobs now.
He wrote: “It is us, the poor bloody taxpayers, who will always pick up the monstrous multi-billion pound tab for the blunders of here-today, gone-tomorrow politicians.
“Hang around for the next catastrophe — the £2.6trillion in unfunded pensions, more than the entire UK economy — to come screaming out of the black hole known as the public sector.
“Gold-plated, inflation-proof pensions for six million state workers — but barred to everybody else — are a national scandal waiting to burst upon those who will pay the eye-bleeding bill.”
Mr Kavanagh added that the “Ponzi scheme” had nothing from the Treasury to fund it and that “it will blow up in our faces”.
He wrote: “It is us, the poor bloody taxpayers, who will always pick up the monstrous multi-billion pound tab for the blunders of here-today, gone-tomorrow politicians.
“Hang around for the next catastrophe — the £2.6trillion in unfunded pensions, more than the entire UK economy — to come screaming out of the black hole known as the public sector.
“Gold-plated, inflation-proof pensions for six million state workers — but barred to everybody else — are a national scandal waiting to burst upon those who will pay the eye-bleeding bill.”
Mr Kavanagh added that the “Ponzi scheme” had nothing from the Treasury to fund it and that “it will blow up in our faces”.