The article criticizes the generous pension schemes offered to public sector workers in the UK, highlighting the growing financial burden on taxpayers. It argues that these pensions, often exceeding those in the private sector, are unaffordable and unsustainable in the long run. The author compares them to Ponzi schemes and accuses the public sector of inefficiency, producing less while enjoying lavish benefits.
But there is one forecast I feel confident in making: That the people who are contributing least to economic growth will be the ones reaping the rewards.Figures from the Resolution Foundation confirm what has been obvious for months: That public sector workers have been the big winners from Labour’s
Yet public sector employers have carried on getting these generous pensions regardless, relying on taxpayers to pick up the burden.In some areas it is much more. Basingstoke and Deane Borough Council managed to spend more on pension contributions last year than it raised in councilBut now we know the truth: While the public sees services slashed, former council employees have been treated to extravagant pensions.
This has been a period of huge technological advance, offering numerous opportunities for making work more efficient. In one of its first acts it awarded fat pay rises to NHS staff, train drivers and others without any requirement to agree to improved working practices.
Public Sector Pensions Taxpayers Labour Party UK Economy Inefficiency
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bankers to scrutinise public sector spending to 'bring private sector into the heart of government'The government is braced for difficult decisions as it said all spending must contribute to its stated aims or it won't be funded. It's the first line-by-line spending review in 17 years.
Read more »
Council leader Jim Logue praises public sector employees on Champions DayDay is dedicated to celebrating workers in healthcare, local government and emergency services who have been pivotal in supporting communities during challenging time.
Read more »
Unions hint at public sector industrial action over 'offensive' 2.8% pay rise recommendationThe Royal College of Nursing says the proposed pay rise is as little as £2 extra a day - 'less than the price of a coffee'. The National Education Union (NEU) said the amount 'won't do'. It follows a period that has meant a combined increase of over 17% over the last three pay awards.
Read more »
2.8% public sector pay proposal ‘just the start of the process’, says ministerUnions representing teachers, doctors and nurses have condemned proposals among Whitehall departments.
Read more »
Public Sector Unions In Fresh Strikes Warning Over 'Offensive' Government Pay OfferKevin Schofield is Politics Editor of HuffPost UK.
Read more »
Lord Timpson having 'conversations' about public sector hiring more ex-prisonersLord Timpson has previously advocated for more former prisoners to get employed as a way to help with their rehabilitation. Speaking to Sky News, he also shared a story of his mother fostering babies born in prison.
Read more »