Is David Cameron getting bolder and bolder with the public spending savings he’s willing to identify? Over at his blog, Ben Brogan highlights the Tory leader’s admission that he may move public sector workers away from potentially-lucrative final salary pension schemes and towards the defined contribution schemes that are prevalent in the private sector. Here’s the key quote from Cameron:
“My vision over time is to move increasingly towards defined contribution rather than final salary schemes [for the public sector].”
Now, this is far stronger a statement than he would have been willing to make a few months ago – and a sign, perhaps, of the decreased potency of Labour’s “Tory cuts” attack in these belt-tightening times. On that front, I wouldn’t be surprised if Cameron’s been emboldened by the £35 billion worth of spending cuts that the IFS dug out of this week’s PBR.
UPDATE: More on this from the FT’s Jim Pickard.
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