Autumn Statement

HM Treasury: Reports that public sector pay will only go up by 1% after the freeze of 2013 comes to an end. The Chancellor of the Exchequer George Osborne stated the following, “ So while I accept that a 1% average rise is tough; it is also fair to those who work to pay the taxes that will fund it. ” The Daily Mail reports that the Office for Budget Responsibility has stated that those getting the sack from the public sector due to Coalition Cuts, will go from four hundred thousand to 710, 000. The Chancellor stated the following on unemployment in the UK, “ The OBR forecasts that unemployment will rise from 8.1% this year to 8.7% next year, before falling to 6.2% by the end of the forecast. ”. This was a tough statement folks, the public sector has taken a hit, but this is the story throughout Europe folks, the gravy train has come to an end. The Unions tomorrow are brining UK to an standstill, but it will be interesting to see who goes on strike, the difference between the Winter of Discontent of the late 1970s and NOW folks is the Thatcher Union reforms, the NUM could not bring down the Government, these strikes are stupid. They hurt the workers, they lose pay, and the public wonders why they are paying for the pensions of the public sector. Lets recall the early Thatcher Government had a grim economy, but the tough medicine worked, the UK had an economic boom in the 80s. Also lets recall Lady Thatcher won the 83 and 87 election and Sir John Major won in 1992. Tough polices work folks.