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

Increasing resilience across an interlinked financial system
As firms increasingly rely on common third party service providers, delivering operational resilience is no longer just about your own individual orga
Is standard insurance leaving your high-value assets exposed
When things change, your insurance should too. From prime property, classic cars and collectibles, fine art and watches, how can you close your insura
Pensions dashboards webinar connection is just the start
With 75% of member records now connected to pensions dashboards, and the 31 October 2026 deadline approaching fast, real progress has been made. It�

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.