Alexander Says New U.K. Pensions Package Is ‘Affordable, Fair’

Nov. 2 (Bloomberg) -- U.K. Chief Secretary to the Treasury Danny Alexander said an offer made today by the government to labor unions on public-sector pensions is “affordable” and “fair.”

“This package is affordable, it’s also fair,” Alexander told lawmakers in the House of Commons in London. “If reform along these lines is agreed I believe we will have a deal that will endure for 25 years if not longer.”

The talks represent a “once-in-a-lifetime opportunity,” Alexander said.

To contact the reporter on this story: Thomas Penny in London at tpenny@bloomberg.net

To contact the editor responsible for this story: Eddie Buckle at ebuckle@bloomberg.net