The Conservatives may have faced the ‘ugly truth’ about public finances, but their proposed changes don’t go far enough, said the UK200 Group.
Shadow chancellor George Osborne recently announced that the Conservatives would tackle the looming pensions crisis by raising the state pension age to 66 by 2016 and freeze public sector pay in order to cut spending – but it won’t be enough to stop the rot, according to UK200 Group president Kevin Dickens.
The membership association (which comprises accountants and lawyers from across the UK), claims more cuts are needed to get the country back on an even keel.
“David Cameron must be praised for his honesty in setting out the scale of the problem in public sector finances and the size of the debts the count...
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