English: Protestors gather in Sheffield to demonstrate against government plans to change public sector pensions. (Photo credit: Wikipedia)
English: Teachers at New College Nottingham protesting against government pension plans. (Photo credit: Wikipedia)
English: Protestors in Brighton on June 30 over pension changes. (Photo credit: Wikipedia)
Read this for the latest concessions from the ‘weak and wobbly woman’!
Source: Theresa May will review the cap on public sector pay as public have grown ‘weary’ of austerity | Business Insider
Pay increases without productivity incentives are inflationary.
This blog has long argued that austerity has been too prolonged but far too shallow – the impact has been like the bacon-slicer to public services, leaving the country open unacceptable risks.
Radical reforms and consolidation of the public sector have been ignored because ministers lacked the stomach.
Here’s an open question:
Will the Conservative Government now be forced into radical reform in the public sector to finance the downside risks from Brexit? If so, what are some of the likely targets?