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

Hidden threats, real impacts: gray-zone aggression
Amid a surge in gray-zone aggression acts, WRN partner Elisabeth Braw shares key insights and three scenarios to help risk leaders take action in 2026
An employers guide to the pension salary sacrifice cap
Now the decision to cap the benefit of salary sacrifice on pensions at £2,000 a year has been confirmed; UK employers will need to plan for upcoming c
Pension pitfalls putting employers at growing risk of errors
Employers are facing growing pension risks as rules become more complex and the minimum wage continues to rise. These risks are often hidden, but they

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.