Political

The most chaotic policy announcement of the week: David Cameron on pensions

David Cameron, quoted in the Financial Times on Wednesday: “My vision over time is to move increasingly towards defined contribution rather than final salary schemes [for the public sector]”.

Chris Grayling, his pensions spokesman on Thursday: “That is not a decision we have taken. That is not a decision we have even discussed.”

Oops.

UPDATE: Good thing that during the 2010-15 coalition, pensions was the preserve of Steve Webb.

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