Where has all the money gone in the public sector?
Over the last decade, under Gordon Brown's leadership at the Treasury and Number 10 Downing Street, the UK public sector has ballooned to become the largest employer in the UK. It is also taking a larger and larger chunk of taxpayer income to fund not only services but pensions and other expenses. However, as we receive confirmation that the UK government had to borrow a net £16.1 billion in August to cover the budget deficit, many people are now asking where has all the money gone?
The UK public service sector has had hundreds of billions of pounds of UK taxpayer's money over the last few years and at the first sign of trouble it seems that this monster needs more money to survive. Promised efficiency savings have yet to come through, employment numbers continue to rise despite the recession, pension funds are taking more and more income and ultimately we are approaching an "us and them" society with regards to the public and private sector.
Despite promises to do away with inefficiencies and various quangos we continue to hear stories of people being made redundant in one public sector department, receiving substantial payoffs, and then being taken on by a different department almost immediately. If the public sector was run in a similar vein to the private sector would we be in such a mess?
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