belfasttelegraph

Wednesday 22 May 2013

The politics of job cuts

Now, with the politicians away, lets have a look at their own back yard. Basically they've said it's all up to us. The private sector is going to have to create all those new jobs while the public sector is meant to be in the process of cutting 15,000 jobs. Or is it?

How many of that 15,000 (the figure mooted by George Osborne) have already been cut and how many are still to be cut? Has that figure changed?

We don't know, nor do we know if the public sector is going to level the playing field so we're given every weapon in the armoury to fight our way out of the downturn.

There are plenty of points to work on, but one easy one would be to cut the premium paid to public sector workers.

It's one simple and measurable example of how the public sector could help out the private sector and also save money.

Look at Spain, Italy and Greece, all willing to change their ways harshly and quickly because they have bond markets breathing down their necks.

Perhaps if Northern Ireland's politicians had to answer to bond holders they'd look a little sharper.

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