Jim O’Neill scathing about decision to help pensioners while forcing real-terms pay cuts on public sector workers
Government plans to raise the state pension by 10% while forcing real-terms pay cuts on public sector workers have been attacked as “ludicrous” by an ex-Conservative Treasury minister.
Jim O’Neill, the former Goldman Sachs chief economist who served as a minister under George Osborne, said it was “crazy” to protect pensioner incomes while younger people’s wages were being eroded by the highest inflation rates for 40 years.
