Andrea Leadsom is prospective parliamentary candidate for South Northamptonshire.
The media is full of the need for cuts in public expenditure, and an end to the growing divide between public and private sector job security.
Currently public sector employment is still growing while the private sector has faced over a million job cuts and there are more being announced every week. Some parts of the public sector are enjoying pay rises while many in the private sector are invited to take pay cuts rather than lose their jobs. And, of course, public sector employees are still receiving up to 60% of their final salary per annum for life by way of pension whilst the private sector has almost given up on the final salary scheme.
The few employees at the ‘top’ of banking and business who earn vast bonuses are obscuring the true picture where in fact often private sector (and charity sector) employees earn lower salaries and have far less generous packages than equivalent roles in the public sector.
Following over 12 years of enormous and often badly managed investment in the public sector by the Labour Government, we now face the inevitable fact that our public services cannot continue to grow. In fact, the current economic situation and our record levels of debt mean that the public sector will have to be cut, and in places cut significantly. While essential services must be maintained, all other aspects of government expenditure must be reduced. It is better to make these cuts now as the sooner they are implemented the less severe the result will be for us all.
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