The SOBER Decade

Welcome to the "SOBER Decade", as George Osborne announces a £83BN spendings cut package that will (according to the much publicised photo of the Treasury briefing document) cost 490,000 public sector jobs by 2014/15.

Savings
Orderly
Budgets
Equitable
Rebalancing

Some leaders of the private sector claim that it can absorb the unemployed fleeing from the public sector. A tad optimistic to my view, given that many in the public sector have zero experience of working in the private sector and that there is considerable "prejudice" within the private sector to those from the public sector.

As ever there will be a chasm of reality between economic "plans" and political reality.

The next decade may well be "sober", but will the patient survive the withdrawal symptoms?

Posted in: george osborne,private sector,public sector,recession