NOTES

29/11/2011

Tumbril Role

Filed under: — site admin @ 2:29 pm

Public sector workers are facing a 1% cap on their pay for two years.

The cap will come into force after the current two-year pay freeze ends.

Announcing the change Chancellor George Osborne admitted it was “tough” for public sector workers, but added it was “fair” to private sector workers whose taxes fund the public sector.

With inflation running at more than 5%, the rise is an effective pay cut, but the chancellor said the country could not afford to spend more.

One wonders what the private sector workers’ taxes fund.

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