Today's question: are public sector workers paid too much?


Updated on 24 November 2011 | 7 Comments

The average public sector salary is nearly £4,000 a year more than those in the private sector. Is this fair?

New figures show that the average public sector worker earns nearly £4,000 a year more than their private sector counterparts.

The Office of National Statistics says that the average full-time public sector worker earns £28,802 a year. Meanwhile, the average full-time private sector worker earns £25,000.

These figures have come less than a week before a major strike by public sector workers over changes to their pensions.

The average annual pension in the public sector is worth £7,841, according to a government report.

The government offered revised proposals for public sector pensions in a bid to stave off industrial action. These included guaranteeing that no-one within 10 years of retirement would have to work longer or see their pension pot decrease.

We want to know your thoughts on public sector pay. Is it too high? Or is it justified for the essential services many of these workers provide? Is the strike action planned for next Wednesday justified?

Share your thoughts in the Comments box below.

More: High executive pay ‘sending us back to Victorian times’ | Life? Sorry, you can't afford it

Comments


Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.