Chamber of Commerce warns government on finances

Tuesday, 23 February 2016 00:00

Private sector lobby groups won't stand by if the Public Sector Pension Fund is bailed out by the General Revenue Account.

Around £420 million has been drawn down from government reserves since 2010 to pay for things like fund expenses and transfers between departments.

Just over £91 million of that figure is estimated to have been pulled to support government spend last year.

Jane Dellar from the Chamber of Commerce says it's not going to stand by if the situation hasn't improved by 2021/22:

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