I dread to think what will be announced tomorrow in the spending review, and in the coming months.
The thing I dread in the coming months is the fact that hundreds of thousands of decent, honest people will lose their jobs because they were suckered into believing in the promises of Brown and Blair, whilst that pair frolic naked in the piles of cash they have taken from us. Talking about laughing all the way to the bank.
Of course, there is another way to cut costs apart from the obvious one of cutting jobs from the TOP not the bottom - each one on £150,000 that goes saves 5 jobs at £30,000. Bring public sector employment terms and conditions back in line with the private sector –holidays, redundancy terms, pension age and levels, employers pension contributions, management-to- staff ratios and above all, pay. A progressive reduction in pay starting with a modest reduction for those on say £25 k an above right up to a 25% cut for those on £150,000 and above would be a good start. Then and only then should redundancies be considered.
There are over 25,000 on over £100,000. Get rid of half and you’d save £1.25 billion in direct salaries, £1.25 billion or more in overheads and probably £1.25 billion in employer contributions to pensions .
Oh, and if you think the private sector is unregulated you are mistaken. It is subject to the greatest regulator of all.