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Large pay cut proposed - any advice please?

Not strictly redundancy but someone advised me to try posting on this forum rather than the work one.

I have been in the same post, with same employer, for 14 years. It is public sector but is not unionised. The organisation is now going through a period of reviewing everyone's pay structures and today our team found out our new terms will be increased hours (37.5 instead of 35), sick pay conditions cut, and I will have a 33% cut in my salary.

Are there any employment rules or anything that I can do about such a large pay cut? I will still be doing the exact same job with same job title etc. the employer says the market has changed and our type of job is now being paid at a lower rate due to having to compete to win contracts from the local authority.

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