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Tory cuts to pensions have left public sector workers an average £650 a year worse off, according to figures released by Labour.

One of the many austerity measures introduced by the Conservative-led ­Government in 2011 was to uprate public sector ­pensions by the Consumer Price Index instead of the Retail Price Index.

Research commissioned by Labour from the House of Commons Library suggests that this has led to public sector workers losing on average £650 a year from their pension.

Peter Dowd, Shadow Chief Secretary to the Treasury, said: “This is ­further evidence of this Government’s plans to ­undermine the security of retirement.

(Image: Getty)

“These attacks on the security and dignity of those who have worked all their lives cannot continue.”

“The next Labour ­government will end the cap on public sector pay to ensure workers can afford to save for retirement.

“We will also protect the value of the state pension through the ‘triple lock’ and leave the state pension age at 66 so we ensure security and dignity in retirement for the many, not the few.”