Write to letters@thetimes.co.ukSir, Your report “Public sector could swap pay rises for lower pensions” (Dec 31) worries me as an economist. The bestselling author Dan Brown notes in The Da Vinci Code that “today is today. But there are many tomorrows.” Public sector employees would consequently be very keen to play safe by getting higher wages now at the expense of lower pensions at some highly unpredictable future. swap argument to raise public wages further without any link to higher productivity, would be inflationary, not least because historical evidence has shown that there are significant wage spillover effects from the public sector to the private sector, at least in the short run. The bottom line is that the

Source: The Times January 02, 2025 21:04 UTC