These are my notes of his presentation: Colin pointed out that this current government is committed to cutting £85 billion in expenditure during the last 4.5 years. They charged Lord Hutton to find savings in public pension schemes to reduce government debt. Hutton was not responsible for the decision to change pension uprating from the RPI to the CPI index. Which it is estimated will "rob" £85 billon from pensioners in public schemes in the next 15 years.
It does not make sense to put at risk a long established pension scheme for 4 million people, which saves the government untold billions of pounds in benefit claims at risk, to save £300 million per year, when we could earn £1.2 billion by merger?