Articles - The public sector recession is now in full swing


Autumn Statement: The public sector recession is now in full swing

 Paul Cleal, PwC partner and head of Government & Public Sector, said:

 “The public sector recession is now in full swing. Public sector employees will feel the squeeze further next year after today’s announcement on the 1% cap on public sector pay rises."

 “As we expected, public sector pay restraint and departmental savings will continue beyond the next election due to the impact on the UK public sector of the greater than expected debt burden recognised by the Chancellor today. Public servants will continue to be asked to deliver more for less and, with the growing pressure on health and care services from an ageing population, this represents a long term double whammy which requires real and lasting change."

 “To bring about lasting change, Government will have to push ahead with its ambitious plans to open up the delivery of public services to the private sector and social enterprise."

 “The figures announced today underline the reality of the situation facing the country, that the money to pay for pensions, services and benefits must come from somewhere. To get public support, the government must make it a priority to communicate this reality to everyone, including public sector employees and those who rely on public services.”
  

Back to Index


Similar News to this Story

Four forces shaping the insurance playbook in 2026
Insurance is moving past the experimentation phase. The technology has matured and customer demand for personalized, dynamic protection is clear. Yet
Compliance to competitive edge unlock the value of scenarios
Moving beyond box-ticking, scenario analysis empowers organizations to anticipate disruption, allocate resources smartly and build lasting resilience.
The next generation of trustees: preparing for the 2030s
The Pension Schemes Bill has set out a roadmap that will lead to consolidation within the pension schemes market in the run up to the 2030s. The comb

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.