HM Treasury · 5 July 2024 – present
Spending on public sector pensions during the Labour 2024– government
↑ 7.1%+£1.3bn £ million
Spending on public sector pensions rose by 7.1% over the period, from £18.1bn £ million (Year ending March 2024, the level when the government took office) to £19.4bn (Year ending March 2026, the latest available).
- Inherited level Year ending March 2024: £18.1bn
- Latest Year ending March 2026: £19.4bn
- method: latest complete period before start / before end
Changes during this period do not by themselves show what the government caused. Statistics reflect many influences, including earlier decisions, the economy and how the data is collected.
Definition and caveats
Public sector expenditure on services on public sector pensions, a component of general public services, in cash terms, from HM Treasury's PESA Table 5.2 (UN COFOG classification).
Doesn’t measure: Spending by any single department or body: PESA classifies by the purpose of spending, not by who spends it.