HRreview Header

Chancellor announces further £4 billion cuts to public sector

-

Chancellor George Osborne last night piled on more misery for those in the public sector by revealing that a further £4 billion is to be cut form the annual welfare budget.

Just hours after Deputy Prime Minister Nick Clegg had attempted to ease fears about the £11 billion cuts already known about, the Chancellor hit the public sector with the massive blow. Mr Clegg had earlier promised that cuts would be tackled in the right manner by staggering the 25% departmental cuts over the course of 4 years.

Quoted in the Metro, Mr Osborne said: “The welfare bill has got completely out of control.

“There are 5 million people living on permanent out-of-work benefits … we can’t afford it anymore.”

The Chancellor refused to specify where the cuts would come but assured older Brits that the government will “protect key benefits for elderly people”.



Latest news

Turning Workforce Data into Real Insight: A practical session for HR leaders

HR teams are being asked to deliver greater impact with fewer resources. This practical session is designed to help you move beyond instinct and start using workforce data to make faster, smarter decisions that drive real business results.

Bethany Cann of Specsavers

A working day balancing early talent strategy, university partnerships and family life at the international opticians retailer.

Workplace silence leaving staff afraid to raise mistakes

Almost half of UK workers feel unable to raise concerns or mistakes at work, with new research warning that workplace silence is damaging productivity.

Managers’ biggest fears? ‘Confrontation and redundancies’

Survey of UK managers reveals fear of confrontation and redundancies, with many lacking training to handle difficult workplace situations.
- Advertisement -

Mike Bond: Redefining talent – and prioritising the creative mindset

Not too long ago, the most prized CVs boasted MBAs, consulting pedigrees and an impressive record of traditional experience. Now, things are different.

UK loses ground in global remote work rankings

Connectivity gaps across the UK risk weakening the country’s appeal to remote workers and internationally mobile talent.

Must read

Wes Wu: Rethinking HR Analytics

HR transformations have abounded in the last decade as...

Joshua Wöhle: Why 73% of AI usage is still happening outside of work

OpenAI recently released the largest study of ChatGPT usage to date - 1.5 million conversations analysed. The headline? Less than 30% of usage is work-related.
- Advertisement -

You might also likeRELATED
Recommended to you