Posted on 02/15/2014 5:52:18 AM PST by managusta
The coalition is overseeing the biggest reduction in Britain’s vast public sector workforce for half a century, and will have slashed one in five jobs by the time austerity is due to come to an end, a report says today.
The Institute for Fiscal Studies (IFS) says employment by the state will fall by 1.1 million, or 19 per cent, by 2018-19 compared with when George Osborne entered the Treasury in 2010.
But in a significant endorsement of the Government’s plan to re-balance the economy in favor of the private sector, it concludes that a ‘buoyant’ jobs market means that thus far firms in in every region have created more positions than public employment has fallen.
The share of the workforce employment by the state is already at its lowest level for at least 40 years, with 5.4 million employees or just under 20 per cent, the IFS says. Further planned cuts will mean the figure falling to just 14.8 per cent, a ‘dramatic change’ in the nature of the UK labour market.
(Excerpt) Read more at dailymail.co.uk ...
These kinds of cutbacks are coming to America eventually. It’s merely a question of when, not if.
Sounds like good news, but the British will never significantly cut or privatize medicine. Brits are drunken atheists who cling to the safety net and Big Brother. The monstrous National Health Service will continue to steal scarce funds from the rapidly disappearing military.
To think that Britannia once ruled the waves.
20% is nothing. They should cut four out of five.
The sequester applied to only public workers at the federal level and the vast majority of public sector jobs are at the local and state level.
Plus the sequester eliminated many private sector jobs that were contractors
It’s a start.
These kinds of cutbacks are coming to America eventually. It’s merely a question of when, not if.
Hate to break it to ya but gov jobs are overwhelmingly minority in proportion to their population numbers. Democrats will never ever allow federal job cuts.
Now that the guns are taken and all is under control, no more foodstamps, no more cushy nice government census jobs, nooo, all are slaves.
First they came for the communists....
is about to begin.
Government’s re-balance = Amnesty
I imagine they’ll still be able to rely on their pensions.
Dont you believe it. Not a chance of this happening either side of the pond. Oh there might be some reduction, but not on the scale the Daily Mail is suggesting.
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