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It looks like it will cost the country money, and that is not the intention.
I do feel for the children who miss out in schools and other member of the public that will suffer. But then I also feel sorry for those who have paid in on the promise of a set return and are now being sold short. The pensions may well be seen as too high, but this really is a kick in the teeth for those that have planned around this promise. How do these pensions compare to those of MPs?
There are some pretty crazy figures being thrown around. I heard that it could cost our economy as much as one sixth of what the Royal Wedding cost us.
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