Responding to the publication of Lord Hutton's Interim Report on public sector pensions, David Frost, Director General of the British Chambers of Commerce (BCC), said:
“In the private sector, larger employee contributions and higher retirement ages are already the norm. If expensive final salary schemes have proven unaffordable for most of the businesses that power the economy, how can they continue to be affordable in the public sector?
“When the final recommendations are published in 2011, the Government must have the courage to fully implement Lord Hutton's proposals, while providing some assurances to the lowest-paid. Hutton's recommendations will help to narrow the growing gap between the remuneration of public and private sector employees - and help make Britain's public finances more sustainable in the long term."