BBC News: Report that former Labour Cabinet Minister Lord Hutton has stated that due to the grim economic news there needs to be a urgent reform of public sector pensions. The UK Coalition Government should not budge on the deal if offered to the Trade Unions, all aspects of society are going to take a hit due to the recent statement by the Chancellor that that the UK will not get rid of the structural deficit by 2015, in fact it will go on in till 2017, that Unemployment will go up from 8.1% to 8.7% and that the Government will freeze public sector pay increase at 1% after 2012. The next few years are going to be hard folks, the Unions will just have to take the hit, the private sector just cant afford to fund the gold plated pensions of the public sector, the good days are over folks.
Sunday, December 04, 2011
Public Sector Unions and the UK Coalition Government
BBC News: Report that former Labour Cabinet Minister Lord Hutton has stated that due to the grim economic news there needs to be a urgent reform of public sector pensions. The UK Coalition Government should not budge on the deal if offered to the Trade Unions, all aspects of society are going to take a hit due to the recent statement by the Chancellor that that the UK will not get rid of the structural deficit by 2015, in fact it will go on in till 2017, that Unemployment will go up from 8.1% to 8.7% and that the Government will freeze public sector pay increase at 1% after 2012. The next few years are going to be hard folks, the Unions will just have to take the hit, the private sector just cant afford to fund the gold plated pensions of the public sector, the good days are over folks.
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