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Thread: Pension Change
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Old 11th Mar 2011, 00:06
  #53 (permalink)  
general all rounder
 
Join Date: Mar 2007
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Frankly we're stuffed. Interestingly though, Hutton did nail the lie that the Public Sector is better paid than the Private Sector. This has been the mantra of the right wing press, esp Daily Telegraph, for some years but it completely ignores that the Public Sector has privatised all its menial labour. Consequently all low skilled labour lies in Private Sector stats not the Public Sector. In like for like terms the Public Sector is significantly under paid. Hutton's example is PUS of the Home Office who has a £ 10 bn budget to manage: he gets £ 200K per annum. The median salary for Private Sector Chief Executives with budgets of £ 10 bn is £ 2.5M per annum - so on that measure the Public Sector is paid less than a tenth of the Private Sector. Whilst one example isn't exactly a stat - I was going to go anyway but the pension change means that I would be better off by about 50% in the Private Sector - decision confirmed.
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