Economics and excuses.
May. 18th, 2012 07:57 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
johnny9fingersWell, it's impressive when the Office of Budget Responsibility comes out and says this sort of thing.
http://www.guardian.co.uk/business/2012/may/18/greek-euro-exit-uk-recession
Robert Chote gave an interview in the Guardian which stated, amongst other things that:
He [Chote] also challenged another government nostrum by saying the OBR did not accept government claims that public sector pensions as currently paid were unsustainable.Although the public finances as a whole would come under pressure in years to come, the current public sector pension regime was "not where the problem is coming from", he said. That was because OBR figures show spending on public sector pensions – even without reform – falling as a proportion of GDP.
Oops.
And I thought Gideon and the crew said it was all Gordon's fault. That and a bloated Health Service, and pensions, and too many policemen.
Bah fucking humbug.
http://www.guardian.co.uk/business/2012/may/18/greek-euro-exit-uk-recession
Robert Chote gave an interview in the Guardian which stated, amongst other things that:
He [Chote] also challenged another government nostrum by saying the OBR did not accept government claims that public sector pensions as currently paid were unsustainable.Although the public finances as a whole would come under pressure in years to come, the current public sector pension regime was "not where the problem is coming from", he said. That was because OBR figures show spending on public sector pensions – even without reform – falling as a proportion of GDP.
Oops.
And I thought Gideon and the crew said it was all Gordon's fault. That and a bloated Health Service, and pensions, and too many policemen.
Bah fucking humbug.
