Pension Deficits 2012 UK

Public Sector Pensions 3: Research Note 103 | 13 April 2012
Council pensions: The 54 billion black hole

In the face of union pressure local authorities and other public sector organisations have
been reluctant to accept the need for necessary pension reforms. But the TaxPayers
Alliance can reveal that the pension assets held by each local authority in the UK are
dwarfed by the size of their liabilities this means that there is gaping pensions deficit of
54 billion, for which taxpayers are ultimately liable.
Local government pensions are more sustainable than other public sector schemes, which
are unfunded. However, the Local Government Pension Scheme (LGPS) is much more
generous than most private sector provision, and places a heavy burden on local
taxpayers. With an ageing population and a crisis in the public finances, generous final
salary schemes are inflexible and too expensive.
Existing TaxPayers Alliance research has investigated council pensions and the
considerable burden they place on the taxpayer. The true cost of the Local Government
Pension Scheme found that the equivalent of 1 in every 5 of council tax was spent on
employer contributions to the Local Government Pension Scheme (LGPS). The same report
also found that over 4,500 Councillors were enrolled on the LGPS, raising questions over
their ability to represent the interests of taxpayers.1 Now, Council Pensions: The 54
billion black hole collates every councils pension deficits for 2010-11. It takes into account
all pension liabilities and assets that appear on their balance sheets.
The key findings of this research are:
Local Authorities across the UK had a combined pension deficit of 54 billion in

2010-11. This is a fall from 91 billion in 2009-10, which was a particularly bad year
for local government pension funds. But, even after a recovery, the latest combined
deficit has still increased from 51 billion in 2008-09.
Birmingham City Council had a deficit of 1.3 billion, the biggest deficit in 201011 and the only council with a deficit of more than 1 billion. This is 1,292 per head
of Birminghams population.
14 local authorities had a deficit over 500 million in 2010-11, and 165 local
authorities had deficits in excess of 100 million.
Daniel, C. The true cost of the Local Government Pension Scheme, TaxPayers Alliance, Jan 2012:
http://lowtax.es/HvCH46
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
The local authority in Scotland with the largest deficit in 2010-11 was Glasgow City
Council with 625 million. This is 1,054 per head of Glasgows population.
But the highest deficit per head of the local population in Scotland is Dundee City
Council at 1,565 each.
The local authority in Wales with the largest deficit in 2010-11 was Cardiff City
Council with 494 million. This is 1,450 per head of Cardiffs population.
But the highest deficit per head of the local population in Wales and the entire
UK is Merthyr Tydfil Council, with a pension deficit of 2,268 per head.
The local authority in Northern Ireland with the largest deficit in 2010-11 was
Belfast City Council with 74 million. This is 274 per head of Belfasts population, the
highest deficit per head of population.
Across Londons 32 Borough Councils plus the City of London and the Greater
London Authority the total combined deficit was over 9 billion. This is one sixth of the
overall deficit across all UK schemes.
The highest deficit per head of population in England is in Brent Council, with 2,267
per head, followed by Gateshead Council with 2,040.
The Local Government Pension Scheme is funded. This means that individual pension
funds have assets which they invest, as well as liabilities (what they owe in pension
payments). Ideally, a pension fund would have assets that are as close to 100 per cent of
liabilities as possible. Many schemes abroad have more assets than liabilities.
Across all councils in 2010-11, the average ratio of assets to liabilities was 70 per cent.
In the London Borough of Brent this figure well below the average, at 42 per cent
the lowest share of assets to liabilities in the UK. The next lowest ratio was Merthyr
Tydfil Council on 50 per cent followed by Craven and Worthing Councils, whose
assets were only 52 per cent of their liabilities.
26 local authorities had pension assets to liabilities ratios below 60 per cent. (See
Table 3.)
To arrange broadcast interviews, please contact:
Emma Boon
Campaign Director, TaxPayers' Alliance
emma.boon@taxpayersalliance.com
07736 065 546
To discuss the research, please contact:
Chris Daniel
Policy Analyst, TaxPayers' Alliance
chris.daniel@taxpayersalliance.com
07538 706 434
Reforming council pensions

Each of the 101 pension schemes in the UK has greater liabilities than they hold in assets
and are therefore in deficit. Local Government Pension Schemes have become
unaffordable and as a result unsustainable, and need urgent reform.
Michael Johnson, a pensions expert and a research fellow of the Centre for Policy Studies,
wrote a letter to the Financial Times in February 2012 along with several other signatories.
They highlighted the desperate situation in local government pension funds. They note
that:2
Several are now so underfunded that they are beyond the point of no
return. Now having to consume their assets to meet pensions in payment,
such funds are in a death spiral. The inability of the LGPS to control costs
is masked by the ineffective governance tripartite of employers, central
and local government.
In July 2010, Eugene Sullivan, the Chief Executive of the Audit Commission also warned
against backing down from reform, arguing that maintaining the status quo was:3
Putting it off for future generations to pick up the tab its just deferring
the inevitable, like not paying your mortgage.
Sullivan also advocates amalgamating some of the numerous pension funds across the UK,
citing the fact that London alone has 33 separate schemes.
Glyn Gaskarth of the Local Government Information Unit outlined a similar proposal on the
ConservativeHome website in March 2012. He argues that such changes would:4
Reduce costs and leave more money in the funds to accumulate. These
measures will ensure council pension funds can meet the promises made
to the current generation of local government public pension savers.
In another article in 2010 Gaskarth outlined some more comprehensive reforms that could
be made to Local Government Pension Schemes. These would ensure that the burden on
taxpayers was eased and existing commitments could still be honoured:5
2
Johnson, M. et al, 101 schemes with a deficit problem, Financial Times, 2 Feb 2012: http://lowtax.es/HMrH5x
Phillips, L. LGPS needs reform, says Audit Commission, Public Finance, July 2010: http://lowtax.es/HqMp8l
4
Gaskarth, G. Amalgamating council pension funds would deliver better value, ConservativeHome, 10 March 2012:
http://lowtax.es/HfYPk2
5
Gaskarth, G. How to reform the councils pension scheme, ConservativeHome, 22 February 2010:
http://lowtax.es/HPbakK
3
Increase employee contributions. A default employee contribution rate of 8 per

cent of salary should be set for all personal account pension scheme members. This
represents an increase in the existing personal contribution level which currently
ranges 5.5 per cent to 7.5 per cent (this is dependent on income level). The new
default rate would compare well with the level of employee pension contributions in
the police which ranges from 9.5 per cent to 11.5 per cent.
Honour existing pension accrued entitlements. Existing pension scheme

members have accumulated legal entitlement to payments based on a formula of
1/60th of final salary in pension for each year worked. Existing accrued entitlements
should not be altered.
Freeze all existing local authority pension entitlements at their current

level. There is no legal right for workers to continue to receive the current pension
deal for future years payments. Each pension members existing entitlement should
be frozen. At the age of sixty five they should receive a pension based on their last
year of earnings before this freeze occurred (increased by the retail price index) times
the number of years they worked prior to the freeze.
Open new Personal Accounts Pensions for all existing pension scheme
contributors. Default all new employees and existing local government pension
scheme members into a new local government personal accounts pension scheme.
Offer all employees the chance to leave if they formally request this.
Match employee/employer contributions. Local Authorities should match

employees personal contributions up to a specified rate e.g. twelve per cent.
Use existing pension funds and the savings on reductions to employer

contributions to meet existing pension payments. All savings made from the
reduced pension contributions employers make to the personal accounts system (they
would be paying between 8 and 12 per cent of salary rather than 15.7 per cent on
average) should be used to service existing pension liabilities.
The Local Government Pension Scheme is severely underfunded compared to others

around the world, according to OECD research. Funded schemes in Canada, the
Netherlands and Sweden have funding ratios above 100 per cent.6 Anthony Mayer, Chair
of the London Pensions Fund Authority, has suggested that local authority pension funds
should have defined asset/liability ratio targets of around 80 per cent. If the funding ratio
falls below this, then the fund would have to submit recovery plans to restore their
funding over a defined period. This would help to ensure that any future pension
commitments can be honoured.7
6
Ponds, E., Severinson, C. & Yermo, J. Funding in Public Sector Pension Plans: International Evidence, OECD, 2011, pg.
28 http://lowtax.es/IEdLf1
7
Timmins, N. London pensions fund chief calls for cap, Financial Times, 2010 http://lowtax.es/Hz458u
Sources and Methodology
All information is taken from individual local authority annual statement of accounts.
In a very small number of cases, the reported assets minus the reported liabilities do
not always equal the reported deficit in the accounts. For example, Wandsworths
accounts show the councils share of the liabilities with council assets, but a reported
deficit that does not equal assets-liabilities. In these cases, we have used reported
deficits from the accounts.
Figures were mostly taken from the Scheme History section of the accounts. This
allowed us to evaluate the actuarial estimates for both the assets held by councils and
their liabilities. We have ensured that the figures contained within council accounts do
not conflict with those in pension fund accounts. For instance, County Councils are
often the administering authority for their Districts, but we have cross-checked local
data with pension fund data to ensure there has been no double-counting.
All liabilities funded or unfunded are reported in the balance sheet, and are
therefore included in this analysis. They also include any stated discretionary benefits
listed in local authoritys accounts.
Population data for individual local authorities was taken from mid-2010 estimates
provided by the Office for National Statistics.8
Table 2 (Top 20 deficits per head of local population in 2010-11) does not include City
of London. The very low population figures mean that this is not a fair comparator.
Guide to Tables
Table 1: Top 20 council pension deficits in 2010-11
Table 2: Top 20 deficits per head of local population in 2010-11
Table 3: Councils with pension assets/liabilities ratio of less than 60 per cent in 201011
Table 4: Full details of all UK council pension assets, liabilities and deficits in 2010-11
8
Mid-2010 Population Estimates: Single year of age and sex for local authorities in the United Kingdom; estimated
resident population, Office for National Statistics http://lowtax.es/Hgsbnj
Table 1: Top 20 council pension deficits in 2010-11

Council
Birmingham
Durham
Hampshire
Leeds
Essex
Lancashire
Glasgow City
Brent
Staffordshire
Sheffield
Liverpool
Kent
Devon
Nottinghamshire
Cardiff
Rhondda, Cynon, Taff
Lambeth
Surrey
Southwark
Derbyshire
Assets ()
2,725,000,000
1,252,590,000
1,274,460,000
1,960,667,000
1,267,329,000
1,743,007,000
2,311,000,000
418,240,000
1,085,600,000
1,296,039,000
1,304,462,000
1,471,303,000
886,153,000
1,082,300,000
690,686,000
539,437,000
729,246,000
998,457,000
781,900,000
1,128,753,000
Liabilities ()
4,064,500,000
1,980,130,000
1,992,930,000
2,610,521,000
1,900,519,000
2,372,019,000
2,936,000,000
999,920,000
1,654,000,000
1,859,352,000
1,862,111,000
2,008,308,000
1,405,502,000
1,589,100,000
1,185,050,000
1,022,784,000
1,201,561,000
1,459,701,000
1,229,400,000
1,572,386,000
Deficit ()
-1,339,500,000
-727,540,000
-718,470,000
-649,854,000
-633,190,000
-629,012,000
-625,000,000
-581,680,000
-568,400,000
-563,313,000
-557,649,000
-537,005,000
-519,349,000
-506,800,000
-494,364,000
-483,347,000
-472,315,000
-461,244,000
-447,500,000
-443,633,000
Assets as a
percentage
of liabilities
67%
63%
64%
75%
67%
73%
79%
42%
66%
70%
70%
73%
63%
68%
58%
53%
61%
68%
64%
72%
Population
Deficit share per

head of
population ()
1,036,878
510,804
1,296,814
798,769
1,413,025
1,169,270
592,820
256,556
831,290
555,507
445,229
1,427,418
749,944
779,890
341,054
234,309
284,484
1,127,322
287,041
763,724
1,292
1,424
554
814
448
538
1,054
2,267
684
1,014
1,252
376
693
650
1,450
2,063
1,660
409
1,559
581
Table 2: Top 20 council pension deficits per head of local population

Council
Assets ()
Liabilities ()
Deficit ()
Merthyr Tydfil
127,620,000
253,930,000
-126,310,000
Assets as a
share of
liabilities
50%
Brent
418,240,000
999,920,000
-581,680,000
539,437,000
1,022,784,000
Gateshead
647,760,000
Neath Port Talbot
Population
55,699
Deficit share per

head of
population ()
2,268
42%
256,556
2,267
-483,347,000
53%
234,309
2,063
1,038,900,000
-391,140,000
62%
191,690
2,040
392,320,000
667,220,000
-274,900,000
59%
137,392
2,001
Hackney
670,127,000
1,093,447,000
-423,320,000
61%
219,228
1,931
Hammersmith and Fulham
467,218,000
789,559,000
-322,341,000
59%
169,705
1,899
Newham
649,755,000
1,062,394,000
-412,639,000
61%
240,124
1,718
Blaenau Gwent
217,622,000
334,388,000
-116,766,000
65%
68,368
1,708
Lambeth
729,246,000
1,201,561,000
-472,315,000
61%
284,484
1,660
Haringey
592,761,000
966,044,000
-373,283,000
61%
224,996
1,659
Kingston upon Hull, City of
700,171,000
1,136,862,000
-436,691,000
62%
263,890
1,655
Bridgend
292,650,000
506,260,000
-213,610,000
58%
134,564
1,587
Swansea
627,970,000
993,100,000
-365,130,000
63%
232,501
1,570
Islington
592,162,000
896,472,000
-304,310,000
66%
194,080
1,568
Dundee City
704,381,000
930,161,000
-225,780,000
76%
144,290
1,565
Southwark
781,900,000
1,229,400,000
-447,500,000
64%
287,041
1,559
Sunderland
790,960,000
1,227,540,000
-436,580,000
64%
283,509
1,540
Wolverhampton
666,956,000
1,034,800,000
-367,844,000
64%
239,354
1,537
Waltham Forest
445,895,000
792,445,000
-346,550,000
56%
227,145
1,526
Table 3: Councils with pension assets/liabilities ratio of less than 60 per cent in 2010-11
Council
Assets ()
Brent
Merthyr Tydfil
Craven
Worthing
Havering
Mendip
Waltham Forest
Scarborough
West Somerset
Gloucester
Sedgemoor
Bridgend
Bournemouth
Cardiff
Taunton Deane
South Somerset
Westminster
Somerset
Neath Port Talbot
South Northamptonshire
Basingstoke and Deane
Selby
East Hampshire
High Peak
418,240,000
127,620,000
23,717,000
36,760,000
539,437,000
337,260,000
24,338,000
445,895,000
80,674,000
16,295,000
58,162,000
53,895,000
292,650,000
264,958,816
690,686,000
63,636,000
63,477,000
541,280,000
560,702,000
392,320,000
467,218,000
32,922,000
89,600,000
26,932,000
46,510,000
39,695,000
Liabilities ()
999,920,000
253,930,000
46,031,000
70,530,000
1,022,784,000
618,479,000
44,267,000
792,445,000
143,332,000
28,635,000
101,750,000
94,217,000
506,260,000
457,377,000
1,185,050,000
109,053,000
108,247,000
922,170,000
954,776,000
667,220,000
789,559,000
55,586,000
151,250,000
45,428,000
78,360,000
66,758,000
Deficit ()
-581,680,000
-126,310,000
-22,314,000
-33,770,000
-483,347,000
-281,219,000
-19,929,000
-346,550,000
-62,658,000
-12,340,000
-43,588,000
-40,322,000
-213,610,000
-192,418,184
-494,364,000
-45,417,000
-44,770,000
-380,890,000
-394,074,000
-274,900,000
-322,341,000
-22,664,000
-61,650,000
-18,496,000
-31,850,000
-27,063,000
Assets as a
percentage
of liabilities
42%
50%
52%
52%
53%
55%
55%
56%
56%
57%
57%
57%
58%
58%
58%
58%
59%
59%
59%
59%
59%
59%
59%
59%
59%
59%
Population
256,556
55,699
55,414
103,179
234,309
236,137
109,018
227,145
108,590
35,364
118,440
112,798
134,564
168,118
341,054
109,379
158,627
253,112
525,186
137,392
169,705
88,782
165,120
82,927
112,578
92,609
Deficit share per

head of
population ()
2,267
2,268
403
327
2,063
1,191
183
1,526
577
349
368
357
1,587
1,145
1,450
415
282
1,505
750
2,001
1,899
255
373
223
283
292
Table 4: Full details of all UK council pension assets, liabilities and deficits in 2010-11
Council
Assets ()
Aberdeen City
Aberdeenshire
Adur
Allerdale
Amber Valley
Angus
Antrim
Ards
Argyll and Bute
Armagh
Arun
Ashfield
Ashford
Aylesbury Vale
Babergh
Ballymena
Ballymoney
Banbridge
Barking and Dagenham
Barnet
Barnsley
Barrow-in-Furness
Basildon
Basingstoke & Deane
Bassetlaw
Bath and North East Somerset
846,722,000
743,575,000
72,510,000
46,829,000
52,976,000
339,524,000
22,652,000
29,997,000
382,726,000
30,200,000
82,370,000
58,192,000
64,048,000
82,077,000
45,919,000
37,179,000
12,756,927
17,706,000
430,131,000
484,111,000
581,217,000
56,371,000
108,969,000
89,600,000
54,036,000
357,115,000
Liabilities ()
1,074,977,000
926,343,000
92,890,000
68,707,000
77,694,000
442,149,000
27,752,000
35,929,000
408,953,000
37,098,000
105,330,000
96,379,000
98,400,000
124,281,000
58,476,000
43,587,000
15,217,213
21,831,188
623,490,000
720,595,000
830,804,000
78,315,000
169,608,000
151,250,000
82,501,000
511,419,000
Deficit ()
-228,255,000
-182,768,000
-20,380,000
-21,878,000
-24,718,000
-102,625,000
-5,100,000
-5,932,000
-26,227,000
-6,898,000
-22,960,000
-38,187,000
-34,352,000
-42,204,000
-12,557,000
-6,408,000
-2,460,286
-4,125,188
-193,359,000
-236,484,000
-249,587,000
-21,944,000
-60,639,000
-61,650,000
-28,465,000
-154,304,000
Assets as a
percentage
of liabilities
79%
80%
78%
68%
68%
77%
82%
83%
94%
81%
78%
60%
65%
66%
79%
85%
84%
81%
69%
67%
70%
72%
64%
59%
65%
70%
Population
217,120
245,780
61,630
94,086
121,590
110,570
54,145
78,248
89,200
59,441
150,561
117,008
115,533
174,409
85,561
63,451
30,564
47,955
179,741
348,198
227,610
70,654
175,212
165,120
111,820
179,704
Deficit share per

head of
population ()
1,051
744
331
233
203
928
94
76
294
116
152
326
297
242
147
101
80
86
1,076
679
1,097
311
346
373
255
859
Council
Bedford Borough
Belfast
Bexley
Birmingham
Blaby
Blackburn with Darwen
Blackpool
Blaenau Gwent
Bolsover
Bolton
Boston
Bournemouth
Bracknell Forest
Bradford
Braintree
Breckland
Brent
Brentwood
Bridgend
Brighton and Hove
Bristol
Broadland
Bromley
Bromsgrove
Broxbourne
Broxtowe
Buckinghamshire
Burnley
Assets ()
271,279,000
306,877,628
438,221,000
2,725,000,000
31,800,000
322,669,000
319,805,000
217,622,000
54,663,000
690,100,000
35,039,000
264,958,816
187,780,000
1,255,000,000
90,081,000
49,758,000
418,240,000
52,123,000
292,650,000
576,208,000
1,068,907,000
35,837,000
432,067,000
39,928,000
56,956,000
64,517,000
504,742,000
103,508,000
Liabilities ()
410,369,000
380,552,000
524,797,000
4,064,500,000
44,591,000
467,998,000
456,067,000
334,388,000
81,372,000
857,500,000
51,842,000
457,377,000
261,592,000
1,678,000,000
130,130,000
67,549,000
999,920,000
85,033,000
506,260,000
682,765,000
1,479,217,000
47,688,000
601,733,000
59,276,000
69,302,000
86,466,000
782,998,000
148,312,000
Deficit ()
-139,089,000
-73,674,372
-86,576,000
-1,339,500,000
-12,791,000
-145,329,000
-136,262,000
-116,766,000
-26,709,000
-167,400,000
-16,803,000
-192,418,184
-73,812,000
-423,000,000
-40,049,000
-17,791,000
-581,680,000
-32,910,000
-213,610,000
-106,557,000
-410,310,000
-11,851,000
-169,666,000
-19,348,000
-12,346,000
-21,949,000
-278,256,000
-44,804,000
Assets as a
percentage
of liabilities
66%
81%
84%
67%
71%
69%
70%
65%
67%
80%
68%
58%
72%
75%
69%
74%
42%
61%
58%
84%
72%
75%
72%
67%
82%
75%
64%
70%
Population
160,797
268,745
227,957
1,036,878
94,021
140,045
139,974
68,368
74,572
266,492
59,042
168,118
116,538
512,618
144,032
130,925
256,556
74,785
134,564
258,762
441,285
123,676
312,380
93,441
90,609
111,818
498,072
85,301
10
Deficit share per

head of
population ()
865
274
380
1,292
136
1,038
973
1,708
358
628
285
1,145
633
825
278
136
2,267
440
1,587
412
930
96
543
207
136
196
559
525
Council
Assets ()
Bury
Caerphilly
Calderdale
Cambridge
Cambridgeshire
Camden
Cannock Chase
Canterbury
Cardiff
Carlisle
Carmarthenshire
Carrickfergus
Castle Point
Castlereagh
Central Bedfordshire
Ceredigion
Charnwood
Chelmsford
Cheltenham
Cherwell
Cheshire East
Cheshire West and Chester
Chesterfield
Chichester
Chiltern
Chorley
Christchurch
City of London
444,700,000
401,975,000
513,500,000
132,610,000
621,852,000
811,299,000
67,153,000
86,186,000
690,686,000
94,153,000
585,820,000
18,192,941
45,188,000
28,769,122
336,223,000
211,943,000
59,411,000
106,834,000
70,405,000
60,743,000
722,948,000
790,100,000
110,476,000
95,840,000
31,071,000
61,912,000
32,569,000
568,400,000
Liabilities ()
520,300,000
606,657,000
686,500,000
190,481,000
930,328,000
1,115,456,000
108,593,000
122,112,000
1,185,050,000
124,158,000
765,062,000
22,337,345
69,608,000
34,149,188
533,505,000
250,003,000
87,879,000
164,832,000
108,476,000
96,213,000
962,772,000
975,012,000
152,418,000
96,160,000
45,485,000
88,254,000
46,100,000
756,000,000
Deficit ()
-75,600,000
-204,682,000
-173,000,000
-57,871,000
-308,476,000
-304,157,000
-41,440,000
-35,926,000
-494,364,000
-30,005,000
-179,242,000
-4,144,403
-24,420,000
-5,380,066
-197,282,000
-38,060,000
-28,468,000
-57,998,000
-38,071,000
-35,470,000
-239,824,000
-184,912,000
-41,942,000
-320,000
-14,414,000
-26,342,000
-13,531,000
-187,600,000
Assets as a
percentage
of liabilities
85%
66%
75%
70%
67%
73%
62%
71%
58%
76%
77%
81%
65%
84%
63%
85%
68%
65%
65%
63%
75%
81%
72%
100%
68%
70%
71%
75%
Population
183,753
173,124
202,741
125,717
616,282
235,362
94,674
153,189
341,054
104,539
180,717
40,158
89,402
67,029
255,219
76,938
166,827
169,542
115,263
140,427
363,820
327,300
101,036
113,503
91,381
105,432
47,302
11,677
11
Deficit share per

head of
population ()
411
1,182
853
460
501
1,292
438
235
1,450
287
992
103
273
80
773
495
171
342
330
253
659
565
415
3
158
250
286
16,066
Council
Clackmannanshire
Colchester
Coleraine
Conwy
Cookstown
Copeland
Corby
Cornwall
Cotswold
Coventry
Craigavon
Craven
Crawley
Croydon
Cumbria
Dacorum
Darlington
Dartford
Daventry
Denbighshire
Derby
Derbyshire
Derbyshire Dales
Derry City
Devon
Doncaster
Dorset*
Dover
Assets ()
155,490,000
99,163,000
32,548,767
269,409,000
16,366,720
44,178,000
50,413,000
960,779,000
38,479,000
733,800,000
47,976,705
23,717,000
136,030,000
617,831,000
738,150,000
100,322,000
216,990,000
59,485,000
34,480,000
238,109,000
495,917,000
1,128,753,000
34,732,000
59,454,982
886,153,000
651,695,000
460,272,000
67,681,000
Liabilities ()
217,107,000
159,003,000
41,057,819
337,677,000
19,790,558
60,079,000
76,914,000
1,271,058,000
59,176,000
1,053,900,000
56,237,058
46,031,000
145,460,000
963,272,000
1,000,317,000
146,964,000
327,120,000
89,209,000
53,103,000
367,789,000
710,961,000
1,572,386,000
49,446,000
74,759,000
1,405,502,000
921,715,000
765,204,000
110,327,000
Deficit ()
-61,617,000
-59,840,000
-8,509,052
-68,268,000
-3,423,838
-15,901,000
-26,501,000
-310,279,000
-20,697,000
-320,100,000
-8,260,353
-22,314,000
-9,430,000
-345,441,000
-262,167,000
-46,642,000
-110,130,000
-29,724,000
-18,623,000
-129,680,000
-215,044,000
-443,633,000
-14,714,000
-15,304,018
-519,349,000
-270,020,000
-304,932,000
-42,646,000
Assets as a
percentage
of liabilities
72%
62%
79%
80%
83%
74%
66%
76%
65%
70%
85%
52%
94%
64%
74%
68%
66%
67%
65%
65%
70%
72%
70%
80%
63%
71%
60%
61%
Population
50,630
181,016
56,790
110,863
36,655
69,513
55,833
535,334
83,538
315,739
93,623
55,414
107,562
345,562
494,350
142,881
100,843
94,555
78,959
96,731
246,855
763,724
70,389
109,826
749,944
290,593
404,789
106,931
12
Deficit share per

head of
population ()
1,217
331
150
616
93
229
475
580
248
1,014
88
403
88
1,000
530
326
1,092
314
236
1,341
871
581
209
139
693
929
753
399
Council
Down
Dudley
Dumfries and Galloway
Dundee City
Dungannon
Durham
Ealing
East Ayrshire
East Cambridgeshire
East Devon
East Dorset
East Dunbartonshire
East Hampshire
East Hertfordshire
East Lindsey
East Lothian
East Northamptonshire
East Renfrewshire
East Riding of Yorkshire
East Staffordshire
East Sussex
Eastbourne
Eastleigh
Eden
Edinburgh, City of
Eilean Siar
Elmbridge
Enfield
Assets ()
35,601,000
672,687,000
482,045,000
704,381,000
21,436,698
1,252,590,000
598,763,000
479,035,000
22,672,000
60,580,000
34,445,000
353,504,000
46,510,000
63,223,000
51,336,000
303,231,000
22,782,000
281,379,000
583,006,000
52,704,000
767,516,000
78,867,000
55,930,000
30,175,000
1,507,428,000
148,726,000
67,252,000
568,907,000
Liabilities ()
41,554,000
953,621,000
618,083,000
930,161,000
25,869,000
1,980,130,000
903,282,000
555,986,000
35,422,000
83,461,000
49,673,000
396,165,000
78,360,000
85,316,000
74,527,000
383,154,000
36,267,000
336,558,000
852,377,000
81,116,000
995,381,000
96,066,000
90,870,000
35,711,000
1,843,330,000
178,263,000
95,751,000
886,879,000
Deficit ()
-5,953,000
-280,934,000
-136,038,000
-225,780,000
-4,432,302
-727,540,000
-304,519,000
-76,951,000
-12,750,000
-22,881,000
-15,228,000
-42,661,000
-31,850,000
-22,093,000
-23,191,000
-79,923,000
-13,485,000
-55,179,000
-269,371,000
-28,412,000
-227,865,000
-17,199,000
-34,940,000
-5,536,000
-335,902,000
-29,537,000
-28,499,000
-317,972,000
Assets as a
percentage
of liabilities
86%
71%
78%
76%
83%
63%
66%
86%
64%
73%
69%
89%
59%
74%
69%
79%
63%
84%
68%
65%
77%
82%
62%
84%
82%
83%
70%
64%
Population
70,770
307,362
148,190
144,290
57,748
510,804
318,516
120,240
84,931
132,857
87,828
104,580
112,578
138,476
141,633
97,500
85,251
89,540
338,690
109,447
515,522
96,972
122,370
51,817
486,120
26,190
131,930
294,927
13
Deficit share per

head of
population ()
84
914
918
1,565
77
1,424
956
640
150
172
173
408
283
160
164
820
158
616
795
260
442
177
286
107
691
1,128
216
1,078
Council
Assets ()
Epping Forest
Epsom and Ewell
Erewash
Essex
Exeter
Falkirk
Fareham
Fenland
Fermanagh
Fife
Flintshire
Forest Heath
Forest of Dean
Fylde
Gateshead
Gedling
Glasgow City
Gloucester
Gloucestershire
Gosport
Gravesham
Great Yarmouth
Greater London Authority
Greenwich
Guildford
Gwynedd
Hackney
Halton
83,812,000
44,558,000
57,699,000
1,267,329,000
84,170,000
439,018,000
62,870,000
48,651,000
28,740,409
1,249,733,000
361,228,000
34,323,000
36,580,000
43,384,000
647,760,000
46,816,000
2,311,000,000
58,162,000
615,201,000
48,100,000
69,975,000
68,867,000
80,113,000
798,626,000
108,670,000
338,233,000
670,127,000
316,940,000
Liabilities ()
130,136,000
60,585,000
81,453,000
1,900,519,000
129,690,000
610,887,000
100,920,000
77,366,000
34,076,000
1,631,773,000
564,531,000
40,834,000
59,246,000
59,450,000
1,038,900,000
62,036,000
2,936,000,000
101,750,000
869,892,000
76,810,000
100,648,000
102,659,000
100,298,000
1,079,603,000
154,284,000
407,128,000
1,093,447,000
377,284,000
Deficit ()
-46,324,000
-16,027,000
-23,754,000
-633,190,000
-45,520,000
-171,869,000
-38,050,000
-28,715,000
-5,335,591
-382,040,000
-203,303,000
-6,511,000
-22,666,000
-16,066,000
-391,140,000
-15,220,000
-625,000,000
-43,588,000
-254,691,000
-28,710,000
-30,673,000
-33,792,000
-20,185,000
-280,977,000
-45,614,000
-68,895,000
-423,320,000
-60,344,000
Assets as a
percentage
of liabilities
64%
74%
71%
67%
65%
72%
62%
63%
84%
77%
64%
84%
62%
73%
62%
75%
79%
57%
71%
63%
70%
67%
80%
74%
70%
83%
61%
84%
Population
124,738
74,272
111,300
1,413,025
119,618
153,280
112,108
91,927
63,076
365,020
149,709
64,345
82,879
76,590
191,690
113,158
592,820
118,440
593,527
79,892
99,551
97,179
7,825,177
228,509
137,062
119,007
219,228
119,263
14
Deficit share per

head of
population ()
371
216
213
448
381
1,121
339
312
85
1,047
1,358
101
273
210
2,040
135
1,054
368
429
359
308
348
3
1,230
333
579
1,931
506
Council
Assets ()
Hambleton
Hampshire
Harborough
Haringey
Harlow
Harrogate
Harrow
Hart
Hartlepool
Hastings
Havant
Havering
Herefordshire
Hertfordshire
Hertsmere
High Peak
Highland
Hillingdon
Hinckley and Bosworth
Horsham
Hounslow
Huntingdonshire
Hyndburn
Inverclyde
Ipswich
Isle of Anglesey
Isle of Wight
35,948,000
467,218,000
1,274,460,000
28,569,000
592,761,000
100,307,000
105,722,000
432,124,000
33,803,000
302,546,000
84,537,000
62,880,000
337,260,000
229,200,000
1,106,675,000
52,105,000
39,695,000
698,357,000
575,064,000
34,690,000
89,140,000
451,900,000
82,115,000
70,794,000
334,654,000
159,645,000
165,562,000
298,089,000
Liabilities ()
51,752,000
789,559,000
1,992,930,000
41,108,000
966,044,000
167,051,000
159,224,000
644,631,000
56,274,000
354,402,000
104,132,000
100,980,000
618,479,000
361,000,000
1,534,605,000
78,028,000
66,758,000
850,973,000
820,944,000
49,562,000
91,960,000
639,700,000
123,552,000
103,436,000
384,541,000
195,400,000
212,134,000
415,373,000
Deficit ()
-15,804,000
-322,341,000
-718,470,000
-12,539,000
-373,283,000
-66,744,000
-53,502,000
-212,507,000
-22,471,000
-51,856,000
-19,595,000
-38,100,000
-281,219,000
-131,800,000
-427,930,000
-25,923,000
-27,063,000
-152,616,000
-245,880,000
-14,872,000
-2,820,000
-187,800,000
-41,437,000
-32,642,000
-49,887,000
-35,755,000
-46,572,000
-117,284,000
Assets as a
percentage
of liabilities
69%
59%
64%
69%
61%
60%
66%
67%
60%
85%
81%
62%
55%
63%
72%
67%
59%
82%
70%
70%
97%
71%
66%
68%
87%
82%
78%
72%
Population
87,576
169,705
1,296,814
84,012
224,996
81,658
158,686
230,057
91,189
91,304
87,171
116,841
236,137
179,297
1,107,521
99,924
92,609
221,630
266,114
105,082
130,810
236,760
167,301
81,122
79,770
128,269
68,592
140,491
15
Deficit share per

head of
population ()
180
1,899
554
149
1,659
817
337
924
246
568
225
326
1,191
735
386
259
292
689
924
142
22
793
248
402
625
279
679
835
Council
Assets ()
Isles of Scilly
Islington
Kensington and Chelsea
Kent
Kettering
King's Lynn and West Norfolk
Kingston upon Hull, City of
Kingston upon Thames
Kirklees
Knowsley
Lambeth
Lancashire
Lancaster
Larne
Leeds
Leicester
Leicestershire
Lewes
Lewisham
Lichfield
Limavady
Lincoln
Lincolnshire
Lisburn
Liverpool
Luton
Magherafelt
Maidstone
9,794,000
592,162,000
454,278,000
1,471,303,000
52,630,000
84,175,000
700,171,000
304,743,000
1,119,192,000
418,380,000
729,246,000
1,743,007,000
108,505,000
18,364,396
1,960,667,000
654,805,000
780,500,000
63,233,000
709,444,000
46,047,000
15,974,861
89,135,000
752,904,000
48,301,762
1,304,462,000
355,181,000
16,565,563
70,211,000
Liabilities ()
12,175,000
896,472,000
604,076,000
2,008,308,000
75,766,000
109,413,000
1,136,862,000
493,600,000
1,499,652,000
627,304,000
1,201,561,000
2,372,019,000
144,493,000
21,956,000
2,610,521,000
896,078,000
1,110,600,000
72,834,000
1,061,105,000
66,234,000
19,481,901
128,461,000
1,078,590,000
57,680,000
1,862,111,000
535,572,000
18,799,000
100,553,000
Deficit ()
-2,381,000
-304,310,000
-149,798,000
-537,005,000
-23,136,000
-25,238,000
-436,691,000
-188,857,000
-380,460,000
-208,924,000
-472,315,000
-629,012,000
-35,988,000
-3,591,604
-649,854,000
-241,272,000
-330,100,000
-9,601,000
-351,661,000
-20,187,000
-3,507,040
-39,327,000
-325,686,000
-9,378,238
-557,649,000
-180,391,000
-2,233,437
-30,342,000
Assets as a
percentage
of liabilities
80%
66%
75%
73%
69%
77%
62%
62%
75%
67%
61%
73%
75%
84%
75%
73%
70%
87%
67%
70%
82%
69%
70%
84%
70%
66%
88%
70%
Population
2,111
194,080
169,494
1,427,418
90,631
143,631
263,890
168,955
409,842
149,116
284,484
1,169,270
141,066
31,650
798,769
306,631
648,748
97,466
266,480
98,686
33,564
89,668
703,008
117,836
445,229
198,752
44,730
149,824
16
Deficit share per

head of
population ()
1,128
1,568
884
376
255
176
1,655
1,118
928
1,401
1,660
538
255
113
814
787
509
99
1,320
205
104
439
463
80
1,252
908
50
203
Council
Maldon
Malvern Hills
Manchester
Mansfield
Medway
Melton
Mendip
Merthyr Tydfil
Merton
Mid Devon
Mid Suffolk
Mid Sussex
Middlesbrough
Midlothian
Milton Keynes
Mole Valley
Monmouthshire
Moray
Moyle
Neath Port Talbot
New Forest
Newark and Sherwood
Newcastle upon Tyne
Newcastle-under-Lyme
Newham
Newport
Newry and Mourne
Newtownabbey
Assets ()
26,288,000
37,537,000
1,905,300,000
91,093,000
293,311,000
21,239,000
24,338,000
127,620,000
351,387,000
41,179,000
45,896,000
63,020,000
461,339,000
258,602,000
312,183,000
48,930,000
185,865,000
303,325,000
11,533,074
392,320,000
95,760,000
53,432,000
929,750,000
82,128,000
649,755,000
309,614,000
43,364,577
41,417,000
Liabilities ()
42,453,000
56,297,000
2,273,200,000
138,811,000
430,087,000
29,758,000
44,267,000
253,930,000
454,377,000
66,741,000
60,463,000
81,186,000
540,435,000
322,404,000
454,348,000
66,934,000
278,806,000
392,466,000
13,731,113
667,220,000
160,910,000
83,613,000
1,279,150,000
128,826,000
1,062,394,000
455,030,000
51,774,000
49,701,000
Deficit ()
-16,165,000
-18,760,000
-367,900,000
-47,718,000
-136,776,000
-8,519,000
-19,929,000
-126,310,000
-102,990,000
-25,562,000
-14,567,000
-18,166,000
-79,096,000
-63,802,000
-142,165,000
-18,004,000
-92,941,000
-89,141,000
-2,198,039
-274,900,000
-65,150,000
-30,181,000
-349,400,000
-46,698,000
-412,639,000
-145,416,000
-8,409,423
-8,284,000
Assets as a
percentage
of liabilities
62%
67%
84%
66%
68%
71%
55%
50%
77%
62%
76%
78%
85%
80%
69%
73%
67%
77%
84%
59%
60%
64%
73%
64%
61%
68%
84%
83%
Population
63,242
75,381
498,779
99,635
256,699
49,475
109,018
55,699
208,794
76,088
94,987
132,456
142,370
81,140
241,497
84,630
88,089
87,720
16,998
137,392
177,021
113,620
292,179
124,493
240,124
141,306
99,880
83,605
17
Deficit share per

head of
population ()
256
249
738
479
533
172
183
2,268
493
336
153
137
556
786
589
213
1,055
1,016
129
2,001
368
266
1,196
375
1,718
1,029
84
99
Council
Assets ()
Norfolk
North Ayrshire
North Devon
North Dorset
North Down
North East Derbyshire
North East Lincolnshire
North Hertfordshire
North Kesteven
North Lanarkshire
North Lincolnshire
North Norfolk
North Somerset
North Tyneside
North Warwickshire
North West Leicestershire
North Yorkshire
Northampton
Northamptonshire
Northumberland
Norwich
Nottingham
Nottinghamshire
Nuneaton and Bedworth
Oadby and Wigston
Oldham
Omagh
Orkney Islands
1,055,376,000
501,314,000
50,660,000
24,654,000
38,438,761
59,336,000
277,416,000
86,450,000
38,933,000
1,110,223,000
352,461,000
48,035,000
302,918,000
510,778,000
43,943,000
51,600,000
613,800,000
158,931,000
652,662,000
645,700,000
215,699,000
707,440,000
1,082,300,000
99,748,000
22,185,000
602,000,000
33,272,997
144,383,000
Liabilities ()
1,382,218,000
545,377,000
75,626,000
35,408,000
45,953,465
90,077,000
440,833,000
118,639,000
53,815,000
1,275,666,000
529,472,000
67,556,000
436,248,000
800,561,000
59,701,000
71,602,000
1,016,000,000
254,468,000
900,859,000
958,970,000
298,498,000
1,047,261,000
1,589,100,000
130,620,000
32,526,000
743,400,000
38,103,000
160,052,000
Deficit ()
-326,842,000
-44,063,000
-24,966,000
-10,754,000
-7,514,704
-30,741,000
-163,417,000
-32,189,000
-14,882,000
-165,443,000
-177,011,000
-19,521,000
-133,330,000
-289,783,000
-15,758,000
-20,002,000
-402,200,000
-95,537,000
-248,197,000
-313,270,000
-82,799,000
-339,821,000
-506,800,000
-30,872,000
-10,341,000
-141,400,000
-4,830,003
-15,669,000
Assets as a
percentage
of liabilities
76%
92%
67%
70%
84%
66%
63%
73%
72%
87%
67%
71%
69%
64%
74%
72%
60%
62%
72%
67%
72%
68%
68%
76%
68%
81%
87%
90%
Population
862,346
135,180
91,472
64,225
79,940
98,315
157,314
125,809
106,432
326,360
161,345
101,667
212,194
198,478
61,872
90,783
599,708
212,130
687,319
311,991
143,488
306,697
779,890
122,181
58,548
219,771
52,866
20,110
18
Deficit share per

head of
population ()
379
326
273
167
94
313
1,039
256
140
507
1,097
192
628
1,460
255
220
671
450
361
1,004
577
1,108
650
253
177
643
91
779
Council
Oxford
Oxfordshire
Pembrokeshire
Pendle
Perth and Kinross
Peterborough
Plymouth
Poole
Portsmouth
Powys
Preston
Purbeck
Reading
Redbridge
Redcar and Cleveland
Redditch
Reigate and Banstead
Renfrewshire
Rhondda Cynon Taff
Ribble Valley
Richmond upon Thames
Richmondshire
Rochdale
Rochford
Rossendale
Rother
Rotherham
Rugby
Assets ()
150,885,000
600,793,000
320,091,000
63,039,000
420,154,000
261,960,000
455,560,000
211,847,000
387,108,000
316,770,000
142,048,000
20,162,000
273,682,000
405,396,000
393,619,000
67,536,000
81,724,000
735,798,000
539,437,000
29,461,000
371,886,000
24,308,000
600,700,000
31,973,000
42,405,000
51,521,000
612,200,000
59,854,000
Liabilities ()
204,085,000
870,230,000
376,809,000
96,100,000
550,227,000
407,309,000
674,870,000
345,303,000
625,150,000
498,150,000
199,501,000
30,984,000
417,025,000
626,446,000
468,694,000
110,843,000
119,136,000
820,048,000
1,022,784,000
39,687,000
482,498,000
36,679,000
732,300,000
50,639,000
64,334,000
64,585,000
850,200,000
79,612,000
Deficit ()
-53,200,000
-269,437,000
-56,718,000
-33,061,000
-130,073,000
-145,349,000
-219,310,000
-133,456,000
-238,042,000
-181,380,000
-57,453,000
-10,822,000
-143,343,000
-221,050,000
-75,075,000
-43,307,000
-37,412,000
-84,250,000
-483,347,000
-10,226,000
-110,612,000
-15,371,000
-131,600,000
-18,666,000
-21,929,000
-13,064,000
-238,000,000
-19,758,000
Assets as a
percentage
of liabilities
74%
69%
85%
66%
76%
64%
68%
61%
62%
64%
71%
65%
66%
65%
84%
61%
69%
90%
53%
74%
77%
66%
82%
63%
66%
80%
72%
75%
Population
153,662
648,722
117,086
89,283
147,780
173,423
258,710
142,135
207,121
131,313
135,081
45,190
154,234
270,501
137,398
78,666
138,639
170,250
234,309
57,992
190,920
52,957
205,190
83,354
67,396
89,817
254,605
94,188
19
Deficit share per

head of
population ()
346
415
484
370
880
838
848
939
1,149
1,381
425
239
929
817
546
551
270
495
2,063
176
579
290
641
224
325
145
935
210
Council
Runnymede
Rushcliffe
Rushmoor
Rutland
Ryedale
Salford
Sandwell
Scarborough
Scottish Borders
Sedgemoor
Sefton
Selby
Sevenoaks
Sheffield
Shepway
Shetland Islands
Shropshire
Slough
Solihull
Somerset
South Ayrshire
South Bucks
South Cambridgeshire
South Derbyshire
South Gloucestershire
South Hams
South Holland
South Kesteven
Assets ()
60,579,000
44,495,000
53,750,000
43,420,000
32,895,000
731,800,000
683,392,000
80,674,000
339,303,000
53,895,000
481,568,000
26,932,000
57,174,000
1,296,039,000
61,091,000
1,994,000
530,454,000
177,450,000
360,284,000
560,702,000
442,802,000
30,629,000
64,135,000
43,130,000
425,704,000
65,821,000
37,940,000
57,791,000
Liabilities ()
75,801,000
64,804,000
90,220,000
60,139,000
51,112,000
898,100,000
1,040,253,000
143,332,000
421,281,000
94,217,000
715,364,000
45,428,000
91,686,000
1,859,352,000
94,588,000
2,493,000
764,460,000
274,436,000
481,270,000
954,776,000
486,080,000
42,084,000
95,703,000
60,575,000
571,018,000
80,389,000
54,136,000
80,340,000
Deficit ()
-15,222,000
-20,309,000
-36,470,000
-16,719,000
-18,217,000
-166,300,000
-356,861,000
-62,658,000
-81,978,000
-40,322,000
-233,796,000
-18,496,000
-34,512,000
-563,313,000
-33,497,000
-499,000
-234,006,000
-96,986,000
-120,986,000
-394,074,000
-43,278,000
-11,455,000
-31,568,000
-17,445,000
-145,314,000
-14,861,000
-16,196,000
-22,549,000
Assets as a
percentage
of liabilities
80%
69%
60%
72%
64%
81%
66%
56%
81%
57%
67%
59%
62%
70%
65%
80%
69%
65%
75%
59%
91%
73%
67%
71%
75%
82%
70%
72%
Population
85,920
112,831
91,978
38,559
53,558
228,992
292,799
108,590
112,870
112,798
272,876
82,927
114,087
555,507
101,201
22,400
293,378
131,084
206,091
525,186
111,440
67,477
146,406
93,913
264,826
83,724
84,561
132,271
20
Deficit share per

head of
population ()
177
180
397
434
340
726
1,219
577
726
357
857
223
303
1,014
331
22
798
740
587
750
388
170
216
186
549
177
192
170
Council
South Lakeland
South Lanarkshire
South Norfolk
South Northamptonshire
South Oxfordshire
South Ribble
South Somerset
South Staffordshire
South Tyneside
Southampton
Southend-on-Sea
Southwark
Spelthorne
St Albans
St Edmundsbury
St. Helens
Stafford
Staffordshire
Staffordshire Moorlands
Stevenage
Stirling
Stockport
Stockton-on-Tees
Stoke-on-Trent
Strabane
Stratford-on-Avon
Stroud
Suffolk
Assets ()
62,993,000
1,112,140,000
49,268,000
32,922,000
63,178,000
52,109,000
63,477,000
31,754,000
436,590,000
457,280,000
245,676,000
781,900,000
55,312,000
64,491,000
84,185,000
419,160,000
61,503,000
1,085,600,000
36,998,000
74,607,000
275,863,000
477,500,000
517,701,000
569,115,000
19,282,458
54,792,000
51,288,000
794,473,000
Liabilities ()
86,418,000
1,348,280,000
67,856,000
55,586,000
81,474,000
73,199,000
108,247,000
49,147,000
645,950,000
726,930,000
371,991,000
1,229,400,000
77,118,000
98,008,000
105,715,000
572,119,000
92,828,000
1,654,000,000
59,458,000
110,238,000
401,175,000
550,600,000
602,730,000
807,549,000
22,407,358
75,634,000
78,157,000
996,649,000
Deficit ()
-23,425,000
-236,140,000
-18,588,000
-22,664,000
-18,296,000
-21,090,000
-44,770,000
-17,393,000
-209,360,000
-269,650,000
-126,315,000
-447,500,000
-21,806,000
-33,517,000
-21,530,000
-152,958,000
-31,325,000
-568,400,000
-22,460,000
-35,631,000
-125,312,000
-73,100,000
-85,029,000
-238,434,000
-3,124,900
-20,842,000
-26,869,000
-202,176,000
Assets as a
percentage
of liabilities
73%
82%
73%
59%
78%
71%
59%
65%
68%
63%
66%
64%
72%
66%
80%
73%
66%
66%
62%
68%
69%
87%
86%
70%
86%
72%
66%
80%
Population
103,741
311,880
121,780
88,782
130,987
108,349
158,627
106,592
153,670
239,732
165,311
287,041
93,466
138,753
104,533
177,363
125,968
831,290
95,427
81,766
89,850
284,645
192,389
240,072
40,099
118,985
111,717
719,511
21
Deficit share per

head of
population ()
226
757
153
255
140
195
282
163
1,362
1,125
764
1,559
233
242
206
862
249
684
235
436
1,395
257
442
993
78
175
241
281
Council
Suffolk Coastal
Sunderland
Surrey
Surrey Heath
Sutton
Swale
Swansea
Swindon
Tameside
Tamworth
Tandridge
Taunton Deane
Teignbridge
Telford and Wrekin
Tendring
Test Valley
Tewkesbury
Thanet
Three Rivers
Thurrock
Tonbridge and Malling
Torbay
Torfaen
Torridge
Tower Hamlets
Trafford
Tunbridge Wells
Uttlesford
Assets ()
Liabilities ()
Deficit ()
58,868,000
790,960,000
998,457,000
51,612,000
333,575,000
50,841,000
627,970,000
307,608,000
615,100,000
50,629,000
77,231,000
1,227,540,000
1,459,701,000
70,511,000
544,805,000
78,280,000
993,100,000
458,982,000
753,000,000
73,134,000
-18,363,000
-436,580,000
-461,244,000
-18,899,000
-211,230,000
-27,439,000
-365,130,000
-151,374,000
-137,900,000
-22,505,000
45,233,000
63,636,000
59,916,000
294,478,000
74,242,000
60,930,000
29,637,000
100,138,000
51,432,000
203,259,000
59,836,000
195,500,000
231,436,000
31,169,000
740,326,000
445,600,000
57,299,000
42,603,000
69,150,000
109,053,000
96,264,000
416,773,000
112,092,000
97,170,000
49,303,000
152,387,000
63,961,000
308,195,000
89,937,000
272,100,000
356,361,000
49,455,000
1,042,983,000
557,500,000
83,659,000
61,763,000
-23,917,000
-45,417,000
-41,658,000
-122,295,000
-37,850,000
-39,440,000
-19,666,000
-52,249,000
-12,529,000
-104,936,000
-30,101,000
-76,600,000
-124,925,000
-18,286,000
-302,657,000
-111,900,000
-26,360,000
-19,160,000
Assets as a
percentage
of liabilities
76%
64%
68%
73%
61%
65%
63%
67%
82%
69%
65%
58%
62%
71%
66%
63%
60%
66%
80%
66%
67%
72%
65%
63%
71%
80%
68%
69%
Population
124,281
283,509
1,127,322
84,510
194,195
133,437
232,501
201,757
216,882
76,003
83,142
109,379
127,291
162,613
148,543
113,465
81,690
132,169
88,932
159,658
118,768
134,271
90,533
65,831
237,896
217,307
108,173
77,501
22
Deficit share per

head of
population ()
148
1,540
409
224
1,088
206
1,570
750
636
296
288
415
327
752
255
348
241
395
141
657
253
570
1,380
278
1,272
515
244
247
Council
Vale of Glamorgan
Vale of White Horse
Wakefield
Walsall
Waltham Forest
Wandsworth
Warrington
Warwick
Warwickshire
Watford
Waveney
Waverley
Wealden
Wellingborough
Welwyn Hatfield
West Berkshire
West Devon
West Dorset
West Dunbartonshire
West Lancashire
West Lindsey
West Lothian
West Oxfordshire
West Somerset
West Sussex
Westminster
Weymouth and Portland
Wigan
Assets ()
222,300,000
40,209,000
993,900,000
471,690,000
445,895,000
871,090,000
393,746,000
74,916,000
642,100,000
84,947,000
80,107,000
75,434,000
89,523,000
40,641,000
85,444,000
177,843,000
18,376,000
58,569,000
437,453,000
92,798,000
33,683,000
436,031,000
32,907,000
16,295,000
866,300,000
541,280,000
51,046,000
681,100,000
Liabilities ()
370,520,000
59,098,000
1,377,000,000
777,248,000
792,445,000
908,760,000
481,823,000
96,234,000
878,400,000
128,930,000
100,536,000
104,757,000
106,075,000
63,778,000
123,221,000
273,917,000
29,212,000
77,917,000
473,997,000
130,011,000
50,390,000
522,106,000
47,495,000
28,635,000
1,095,000,000
922,170,000
76,428,000
819,000,000
Deficit ()
-148,220,000
-18,889,000
-383,100,000
-305,558,000
-346,550,000
-88,911,000
-88,077,000
-21,318,000
-236,300,000
-43,983,000
-20,429,000
-29,323,000
-16,552,000
-23,137,000
-37,777,000
-96,074,000
-10,836,000
-19,348,000
-36,544,000
-37,213,000
-16,707,000
-86,075,000
-14,588,000
-12,340,000
-228,700,000
-380,890,000
-25,382,000
-137,900,000
Assets as a
percentage
of liabilities
60%
68%
72%
61%
56%
96%
82%
78%
73%
66%
80%
72%
84%
64%
69%
65%
63%
75%
92%
71%
67%
84%
69%
57%
79%
59%
67%
83%
Population
124,976
119,814
325,573
256,898
227,145
289,574
198,905
138,756
535,982
86,003
117,535
120,252
144,096
75,733
114,368
153,975
53,063
96,712
90,570
110,267
89,401
172,080
103,832
35,364
799,701
253,112
63,532
307,577
23
Deficit share per

head of
population ()
1,186
158
1,177
1,189
1,526
307
443
154
441
511
174
244
115
306
330
624
204
200
403
337
187
500
140
349
286
1,505
400
448
Council
Assets ()
Liabilities ()
Wiltshire
Winchester
Windsor and Maidenhead
Wirral
Woking
Wokingham
Wolverhampton
Worcester
Worcestershire
Worthing
Wrexham
Wychavon
Wycombe
Wyre
Wyre Forest
York
Totals:
613,202,000
63,360,000
186,066,000
683,832,000
69,987,000
144,283,000
666,956,000
52,615,000
523,811,000
36,760,000
323,015,000
44,602,000
109,276,000
56,860,000
53,779,000
277,696,000
132,442,891,164
924,626,000
105,950,000
290,786,000
983,921,000
102,279,000
208,686,000
1,034,800,000
77,499,000
779,217,000
70,530,000
500,300,000
71,462,000
135,641,000
80,547,000
86,000,000
414,656,000
186,540,224,206
Deficit ()
-311,424,000
-42,590,000
-104,720,000
-300,089,000
-32,292,000
-64,403,000
-367,844,000
-24,884,000
-255,406,000
-33,770,000
-177,285,000
-26,860,000
-26,365,000
-23,687,000
-32,221,000
-136,960,000
-54,160,763,041
Assets as a
percentage
of liabilities
66%
60%
64%
70%
68%
69%
64%
68%
67%
52%
65%
62%
81%
71%
63%
67%
Population
459,835
114,252
146,148
308,837
93,499
163,222
239,354
94,763
557,426
103,179
133,559
117,028
164,805
111,391
98,147
202,447
24
Deficit share per

head of
population ()
677
373
717
972
345
395
1,537
263
458
327
1,327
230
160
213
328
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Pension Deficits 2012 UK

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Pension Deficits 2012 UK

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Public Sector Pensions 3: Research Note 103 | 13 April 2012

Council pensions: The 54 billion black hole

Local Authorities across the UK had a combined pension deficit of 54 billion in

Reforming council pensions

Increase employee contributions. A default employee contribution rate of 8 per

Honour existing pension accrued entitlements. Existing pension scheme

Freeze all existing local authority pension entitlements at their current

Match employee/employer contributions. Local Authorities should match

Use existing pension funds and the savings on reductions to employer

The Local Government Pension Scheme is severely underfunded compared to others

Sources and Methodology

Table 1: Top 20 council pension deficits in 2010-11

Table 2: Top 20 deficits per head of local population in 2010-11

Table 1: Top 20 council pension deficits in 2010-11

Deficit share per

Table 2: Top 20 council pension deficits per head of local population

Rhondda, Cynon, Taff

Neath Port Talbot

Deficit share per

Hammersmith and Fulham

Kingston upon Hull, City of

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

Deficit share per

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