Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Report this comment to a moderator

Please fill in the form below if you think a comment is unsuitable. Your comments will be sent to our moderator for review.
By submitting your information you agree to our Privacy and Cookie Policy.

Report comment to moderator

Required fields.

Headline

Public sector workers 'prefer pay cut to pension loss'

Comment

from my simplistic understanding of economics, the more you earn the more you spend, and the more you spend the more you boost and support the economy. if you replace 'more' with 'less' you can no longer support the economy and if you multiply the figures by the number of nurses and others who are so poorly paid in the UK the figures show a fall in income which causes a falling economy. even if all the big guys with big bonuses get big pay cheques and increase output it will not increase the economy unless everybody else gets bigger cheques to pay for the increased goods and services! but it could be that if you give them big cheques and the increase output they may simply increase exports and the revenue from this may simply go straight into the government's coffers and into their own pockets!

Posted date

5 August, 2011

Posted time

2:52 pm

required
required
required
required

Job of the week

Related jobs