Loans and Finance

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Thursday, March 10, 2011

Bust

Lord Hutton's proposals that public sector workers should be stripped of their final salary pensions and have schemes linked to average earnings, while paying more and working longer have unsurprisingly touched a raw nerve with the unions.

The GMB have warned of co-ordinated strike action.

Bringing the country to a halt will achieve nothing. Like it or not the country is broke (we have a debt of £4.8 Trillion), we cannot continue to pay ourselves salaries with money that we do not have.

These reforms have been needed for many years, it is only to be hoped that they are enacted and that they are not too late.

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