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Public Sector Shielded As Unemployment Hits 2 Million


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http://business.timesonline.co.uk/tol/busi...icle5934942.ece

A growing divide between a burgeoning public sector and struggling private sector emerged yesterday as figures showed that the number of people out of work rose above two millions in January – the highest level since Labour came to power in 1997.

The number of people signing on for unemployment benefits rose by 138,000 last month – the fastest rate since 1971. Meanwhile, jobs and pay are still rising in the public sector. Official figures show that 30,000 jobs were created in the public sector last year, with 105,000 lost in the private sector.

The gap between the growth in pay in the public and private sectors rose to a record 4.8 per cent. As companies slashed salaries and bonuses, earnings in the public sector continued to rise faster than inflation. Public sector pay rose by 3.7 per cent in the year to January 2009. Private sector pay fell by 1.1 per cent in that period. Inflation is currently at 3 per cent.

The figures reveal that 21,000 extra NHS staff and 5,000 public adminstrative staff were recruited in the last three months of 2008. Thousands of new teaching and police posts were also created. Jobs were lost in areas such as local government, bringing a net gain of 15,000 posts. The net loss in the private sector was 13,000 posts.

Gordon Brown expressed “personal regret” for everyone who had been made redundant, but the Conservatives leapt on the figures, claiming that his economic policy was piling the pain on the private sector. “Whilst taxpayers are shelling out for more jobs in the public sector, Gordon Brown is allowing companies to go to the wall,” said Theresa May, the Shadow Work and Pensions Secretary.

Mark Wallace, of the TaxPayers’ Alliance, said: “It is totally unsustainable to have more and more public sector workers and fewer and fewer private sector taxpayers. It adds insult to injury that people lose their jobs in the private sector to see the Government increasing public pay as if nothing is happening.”

The CBI said: “With government debt skyrocketing and the economy under severe pressure, the gap between public and private sector pay growth must be closed.”

Soon Ponzi Brown will employ the entire nation.

Don't worry he can keep printing to keep you all in jobs.

The client state is unstoppable.

As long as all state workers pay taxes the system is unstoppable it's not ponzi at all. :ph34r:

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http://business.timesonline.co.uk/tol/busi...icle5934942.ece

Soon Ponzi Brown will employ the entire nation.

Don't worry he can keep printing to keep you all in jobs.

The client state is unstoppable.

As long as all state workers pay taxes the system is unstoppable it's not ponzi at all. :ph34r:

Indeed,and the only outcome possible.A basket case currency,hyper-inflation,destruction of capital and the total collapse of the economy.

Its almost like everything they do is designed for this to happen.They do the opposite to whats needed with every move.

Ordinary people only have one defence.Get your savings out of sterling.If your working try to save as much as possible out of sterling.Where we are now will look like a boom time in a few years unless Brown is stopped.

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http://business.timesonline.co.uk/tol/busi...icle5934942.ece

Soon Ponzi Brown will employ the entire nation.

Don't worry he can keep printing to keep you all in jobs.

The client state is unstoppable.

As long as all state workers pay taxes the system is unstoppable it's not ponzi at all. :ph34r:

This has always been the case; the public sector suffer from crap pay deals during the good times then benefit during the bad times.

I do suspect the Tories are going to sack a sh*tload of civil serpents though when they get in power.

All those people in bullsh*t non-jobs the telegraph used to take the mick out of in its recruitment pink papers should be worried at the moment. I can imagine a LOT of them having to reapply for their jobs in the next 2 years.

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They can start by sacking trading standards staff, they are useless and are only interested in stopping counterfit goods and helping with tax revenues.

i would like to see the look on their faces when they realise the golden pensions they all think they are getting turn out to be worthless.

i'm not going to work my a$$ off just to keep these pen pushers in money

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This has always been the case; the public sector suffer from crap pay deals during the good times then benefit during the bad times.

Erm, not really. Public sector has done very well through the boom. We all know quacks are the only practitioners of any science or engineering discipline to get seriously high pay[1]. But it's not just them: others such as the police, teachers and nurses are amongst the best-paid people in society. At least in relatively low-paying areas such as here in the southwest, there's virtually nothing in the private sector to rival those jobs.

[1] other than by selling out, donning a sharp suit, and moving into something like management or marketing.

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Anyone who thinks that we're heading for a period of deflation is either very naive or on crack. The only real power there is to negate the effects of monetary inflation is to growth in the private sector. Sadly we have a shrinking private sector and a growing number of non-productive leeches employed in pointless tasks!

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Erm, not really. Public sector has done very well through the boom. We all know quacks are the only practitioners of any science or engineering discipline to get seriously high pay[1]. But it's not just them: others such as the police, teachers and nurses are amongst the best-paid people in society. At least in relatively low-paying areas such as here in the southwest, there's virtually nothing in the private sector to rival those jobs.

[1] other than by selling out, donning a sharp suit, and moving into something like management or marketing.

plus benefits of key worker positions

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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