<b>Business News: </b>Public sector pension liabilities nearly £1000 billion. By Dawn Smith
Britain's unfunded public sector pension liabilities will be around £960 billion in March 2006, according to consultants Watson Wyatt. That's over 80% higher than the Government's latest estimate, and the equivalent of £40,000 per UK household.
The most recent Government estimate, given in answer to a Commons question early this month, put the value of liabilities in unfunded public sector pension schemes at £530 billion in March 2005.