Council tax and pensions
In the Telegraph, Channel Four economics correspondent Liam Halligan (in a rather overexcited piece) tells us that 26% of council tax goes to funding public-sector pensions. The calculation comes from Douglas Anderson, a pensions expert.There seems to me at least one problem with the calculation, and that is that council tax raises only 26% of local government funding. So in other words we are saying that local government pensions cost 26% of 26%, which is about 6.5%, of total local government spending. This seems much more modest.
posted by Matthew @ 1/22/2006 07:04:00 PM
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