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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