But an interesting attempt to give a sense of scale: AXA also calculated that a woman in her mid-20s working in the private sector would have to contribute almost a quarter of her annual salary every year to get a pension comparable with a public counterpart. Given that pensions are simply delayed compnesation that means
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TimWorstall on 22nd Mar 2010 (via timworstall.com)
The government is pressing ahead with plans to align pension ages across the public and private sectors. By 2020, both men and women in the private sector will have their retirement ages aligned at 66. But if the public sector is left unreformed, many people working within it would still be able to retire with
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LiberalDemocratVoice on 21st Jun 2011 (via libdemvoice.org)
There are a number of examples of the Scottish Government and the private sector working together to deliver strong messaging, and we envisage more opportunities for private b
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Scotsman on 24th Aug 2010 (via news.scotsman.com)
There are two fundamental problems with the analysis by the Institute for Fiscal Studies of the current negotiations on public sector pensions. Firstly, the IFS compares public sector pension provision with that of the private sector and implies that the inevitable disparity has to be rebalanced by cutting the public sector rather than improving private sector provision.
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LiberalDemocratVoice on 3rd Feb 2012 (via libdemvoice.org)
Several papers and comentators have noticed the very different path of public sector and private sector wages. Public sector pay is rising three times as quickly as private sector pay. In the private sector many companies are cutting earnings, and in some cases
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JohnRedwood on 14th Nov 2009 (via johnredwoodsdiary.com)
David Miliband, House of Commons, debate on PFI in the education sector, 2004: The public-private partnerships enable the public sector to use private sector resources to deliver elements of services that the latter, through its skills and expertise, is best placed to provide through a structure in which the private sector puts its capital at risk
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LiberalDemocratVoice on 16th Feb 2009 (via libdemvoice.org)
Yesterday afternoon the Prime Minister stated that according to the ONS, "average gross pay in the public sector is now higher than in the private sector". But as I have previously argued (and TUC analysis has previously shown) to claim that pay across the public sector is outstripping private sector earnings is simply wrong.
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LiberalConspiracy on 29th Jun 2011 (via liberalconspiracy.org)
The endless rows over “cuts” at a time when public spending continues to rise in cash terms highlights yet again the totally different approach to public service by the private and public sectors. In 2008-9 many private sector companies faced declines in their revenue of
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JohnRedwood on 9th Jul 2010 (via johnredwoodsdiary.com)
The Conservatives are maintaining a double-figures lead in the polls. This lead is due to strong support from those of us who work in the private sector: Private sector Conservatives - 45% Labour - 29% Lib Dem - 17% Nothing unusual there then. But what about the public sector? Here there’s a bit of a surprise: Public sector Conservative -38% Labour - 26% Lib
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TheThunderDragon on 11th Mar 2009 (via thethunderdragon.co.uk)
A few write into this site to complain wrongly that I criticise the public sector and praise the public sector. They usually follow it up with some criticism of a private sector company which may be fair or may be sour grapes. A few years
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JohnRedwood on 4th Oct 2009 (via johnredwoodsdiary.com)
Today in England and Wales, tens of thousands of public sector workers, many of them teachers, are expected to strike. Currently public sector workers largely enjoy more generous pensions than their equivalents in the private sector and the Coalition Government has acknowledged the growing difference in approach between the private and public sectors. The private
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LiberalDemocratVoice on 30th Jun 2011 (via libdemvoice.org)