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Budget reveals severe cuts to public sector

25 June 2010
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Budget reveals severe cuts to public sectorGovernment departments that have not had their funding protected will be expected to reduce expenditure by up to 25 per cent a year, with substantial job losses predicted.

The measure was unveiled by chancellor George Osborne as part of efforts to cut the UK''s high deficit and will have a severe impact upon the public sector.

Continuous improvement and operations management policies are likely to become more important than ever, as only NHS spending and overseas aid have been ringfenced.

In terms of pay, a freeze is being imposed on all salaries for two years, with the exception of those earning less than £21,000, who will have any rises capped at £250.

Mr Osborne also announced plans to reduce public sector pensions costs from 2011, stating: "The truth is that the country was living beyond its means when the recession came. And if we don''t tackle pay and pensions, more jobs will be lost."ADNFCR-3058-ID-19858433-ADNFCR
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