Tuesday, 15 January 2008

There could be ructions

The publisher Constable are due to publish a new book by David Craig in March on the subject of Government waste.

It details in passing how Government spending has cost the average household an EXTRA £50,000 since 1997.

He predicts that by 2009 civil service pensions will have risen so much that people working in the private sector will be paying more each month to finance the pensions of civil servants than they will into their own pensions.

The reasons are not difficult to see - the size of the civil service has swollen in the ten years, and especially in the Brown spending years, civil service pensions are all generous and are all final salary and indexed, and they are subsidised. Those in the private sector, whose employers have had to switch from final salary, partly because of Brown's raid on pension funds, might react with some anger when they discover the facts.

1 comment:

Anonymous said...

The civil service not only take a lot of money, they are also likely to support Brown and company. How will the Tories get them to vote Tory, when everyone knows a lot of them will be redundant?