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

5 ways machine learning is transforming portfolio management
Pardeep Bassi from WTW looks at how machine learning and AI are giving insurers a measurable edge in portfolio management - and are quickly becoming a
The future for professional trustees in a changing market
Our recent conversations with professional trustees reveal mixed views about a future shaped by regulatory change and the direction of the DB pensions
6 key ingredients to an effective cancer prevention strategy
Globally, cancer is one of the most common conditions being faced, which in turn is leading to rising costs according to our Global Medical Trends 202

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.