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Public sector service cuts are inevitable

As the Labour Party and the Tories continue to fight over investment in the UK public sector they seem to missing the point that UK votes know and expect a reduction in investment in due course. As UK national debt moves into the trillions of pounds anybody in their right mind would know that public sector investment, which has been ramped up by the Labour government, cannot continue at the current growth rates. What is wrong with a period of reflection?

Those who have followed the UK government budgets over the last few years will be well aware that significant investment has been injected into public sector services with little or no return as yet. It is also worthwhile remembering that the ongoing pension liabilities of the public sector continue to rise and are taking more and more of the investment pot. As we covered in one of earlier post, it would take a brave government to take on the unions and the public sector workers who have managed to create a very protective and lucrative area of employment.

It would be interesting to see exactly what kind of return there has been on public sector service investment over the last decade as the jury is most definitely out as to whether taxpayers have received value for money.

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