Monday, October 11, 2010

Unexpected consequence for our financial health


This is one of the many graphs which we have seen recently to illustrate the problem the nation is facing with the payment of gold plated pensions to those who retire from the public sector.




What is really striking about it is how much of the growth in liabilities will go to NHS employees - so much of the recent rise in NHS spending has gone on higher pay. How many of us knew that the New Labour promises to increase spending on health to match European levels would have such long term consequences?

I must really get my head down to read all these reports - I want to know, for example, if GPs can belong to the public sector scheme even though they are technically independent contractors




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