Sunday, 19 July 2009

Why cutting public sector jobs will not save money

Economist Richard Murphy has shown that that the cost to the government of cutting a public sector job for a person earning £25,000 is £23,000 a year. In other words 92% of the cost of any redundancy right now will be borne by the state. Check out Richard’s blog at the link below – it makes very interesting reading.

Let's hope that Alistair Darling has read Richard's blog entry.

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