Posts Tagged ‘ Public Sector ’

Greek bonds face a 5pc penalty when used as security at ECB

June 16, 2010
By Pay Cuts

Budget gap to 2.8 per cent of GDP in 2012. ? February 2010 Government extends public sector wage freeze to those on below ?2,000 a month. ? 5 March 2010 Package of public sector pay cuts and tax increases is passed to save an extra ?4.8bn

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What fiscal austerity looks like – CNNMoney

June 15, 2010
By Pay Cuts


<img alt="" height="1" width="1" />What fiscal austerity looks like
CNNMoney

It also will implement a 5% pay cut for senior public sector staff and politicians. That's in addition to a pay freeze for civil service workers. ...

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Clegg warns of cuts to public sector pensions

June 15, 2010
By Pay Cuts

sector pension pots" are simply "unfair", according to Nick Clegg. The Deputy Prime Minister warned today of deep cuts to public sector pensions in line with spending cuts across the board where private sector workers have already been hit with

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: TIMELINE-Greece’s debt crisis

June 15, 2010
By Pay Cuts

Feb. 2010 - Prime Minister George Papandreou says on Feb. 2 the government will extend a public sector wage freeze to those making below 2,000 euros a month. -- Greece must refinance 54 billion euros ($66.6 billion) in debt in 2010, with a crunch in

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Clegg declares public sector pensions are ‘unfair and unaffordable’ as figures show bill will double by 2014

June 14, 2010
By Pay Cuts

to 2.6% Underlying structural deficit revised up to 8% Coalition may have to make extra £5.5bn cuts a year Sterling up 1.5% due to lower borrowing figures Clegg: Debt will control our future if we don't act He warns public sector pensions are

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Labour hopefuls hit out at cuts

June 14, 2010
By Pay Cuts

Labour?s five leader­ship contenders have slammed the UK Government over its plans for major cuts in the public sector. They were speaking at a hustings in the Royal Concert Hall, Glasgow, which was attended by more than 600 people from across

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Business leaders urge Osborne to freeze public sector pay for two years

June 14, 2010
By Pay Cuts

Business leaders urged the Government today to introduce an immediate two-year pay freeze in the public sector and drop "unsustainable" pledges to maintain spending on health and overseas aid.The British Chambers of Commerce said the Chancellor faced a

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Calls For Public Sector Pay Freeze

June 14, 2010
By Pay Cuts

Huw Borland, Sky News Online Business leaders have urged the Government to introduce a two-year public sector pay freeze and drop pledges to maintain spending on health and overseas aid. The (BCC) said Chancellor George Osborne faced a 'difficult'

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Call for public sector pay freeze

June 13, 2010
By Pay Cuts

Business leaders have urged the Government to introduce an immediate two-year pay freeze in the public sector and drop "unsustainable" pledges to maintain spending on health and overseas aid. The British Chambers of Commerce said the Chancellor faced a

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UK’s welfare system targeted for cuts

June 13, 2010
By Pay Cuts

George Osborne discloses that the government has targeted welfare benefits, tax credits and public sector pensions for spending cuts. It is the first time that Britain's welfare system has been identified for targeted cuts, with Osborne vowing to

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Irish pay deal set to pass, lessens chance of strikes

June 11, 2010
By Pay Cuts

Reuters DUBLIN - Members of Ireland's largest two public sector trade unions have backed a government pay offer, helping the chances of pushing through ?3 billion of savings in the 2011 budget and limiting the chance of strikes. Ireland has carried out

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Public sector ‘lacks urgency’ over £332m budget cuts

June 10, 2010
By Pay Cuts

showing a 'lack of urgency' in dealing with the country's share of a multi-billion pound package of cuts, a key report from a Holyrood committee has claimed

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Spanish union to appeal to Supreme Court on wage cuts

June 10, 2010
By Pay Cuts

s largest union said on Thursday that it has filed an appeal against the government's public sector wage cuts with the country's Supreme Court. The Comisiones Obreras (CCOO) union said the measure, which cuts wages by 5 percent in 2010 and freezes them

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MSPs point to inadequate planning for Scottish spending cuts

June 9, 2010
By Pay Cuts

Scotland?s preparations for public spending cuts are patchy and lack urgency, according to an influential Holyrood committee. In a report published today, the finance committee says there does not appear to be a consistent public sector

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$14b blow out in public sector wages

June 9, 2010
By Pay Cuts

From: The Australian Fears wage cost will push up inflation Implementing Rudd policies 'to blame' Unions dismiss 'big whinge' as baseless THE cost of employing state public servants will blow out by $14.2 billion

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Public sector cuts will impact recovery

June 9, 2010
By Pay Cuts

Northern Ireland's economic recovery will be 'significantly'' impacted by the proposed cuts in the public sector, a major report warned today. According to the Ernst & Young Economic Eye Summer Forecast, which forecasts economic growth in the province

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Spain: Strikers protest 5 percent pay cut – UPI.com

June 8, 2010
By Pay Cuts
Spain: Strikers protest 5 percent pay cut – UPI.com


Financial Times

<img alt="" height="1" width="1" />Spain: Strikers protest 5 percent pay cut
UPI.com
MADRID, June 8 (UPI) -- Spanish government workers Tuesday went on strike, saying a 5 percent pay cut under the prime minister's austerity...
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Pain in Spain – BBC News

June 8, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Pain in Spain
BBC News

And a recent poll published in El Pais newspaper showed 58% support for the public sector pay cut. "I am against this strike," lawyer Alberto said, ...

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Spanish public sector strikes over pay cuts – Financial Times

June 8, 2010
By Pay Cuts
Spanish public sector strikes over pay cuts – Financial Times


Kansas City Star

<img alt="" height="1" width="1" />Spanish public sector strikes over pay cuts
Financial Times
Tens of thousands of civil servants across Spain on Tuesday joined protests over public sector pay cuts in the first national...
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Spain’s Public Sector On Strike

June 8, 2010
By Pay Cuts

servants banged drums, blew horns and chanted anti-government slogans Tuesday as they staged a one-day strike to protest wage cuts aimed at trimming a huge deficit and calming fears Spain is headed for a Greek-style debt crisis. The stoppage was seen as

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Spanish unions claim 75 percent turnout in one-day strike (Reuters)

June 8, 2010
By Pay Cuts

government forced through a plan to shave 15 billion euros off the budget with public sector savings including wage cuts. But unions hope the action will also help gauge support for a possible general strike on labor reform. Economists consider reform of

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Spanish unions claim 75 percent turnout in one-day strike

June 8, 2010
By Pay Cuts

government forced through a plan to shave 15 billion euros off the budget with public sector savings including wage cuts. But unions hope the action will also help gauge support for a possible general strike on labor reform. Economists consider reform of

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Spain hit by public sector strike

June 8, 2010
By Pay Cuts

Spanish civil servants have gone on strike in protest at wage cuts aimed at reducing the country's huge deficit. The action is seen as a first test of strength for unions which are considering calling a general strike if the

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Spain unions see 75 percent public sector strike take-up (Reuters)

June 8, 2010
By Pay Cuts

after the government forced through a plan to shave 15-billion-euros off the budget with public sector savings including wage cuts, but unions hope the action will also help gauge support for a wider strike on labor reform. The two largest Spanish unions

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Spain unions see 75 percent public sector strike take-up

June 8, 2010
By Pay Cuts

after the government forced through a plan to shave 15-billion-euros off the budget with public sector savings including wage cuts, but unions hope the action will also help gauge support for a wider strike on labor reform. The two largest Spanish unions

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UK coalition to spell out spending review plans – Reuters

June 8, 2010
By Pay Cuts

out how it will conduct this year's spending review as it prepares the public sector for big cuts in funding to help tame a record budget deficit. Conservative finance minister George Osborne and his Liberal Democrat deputy Danny Alexander will announce

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Spain, Portugal need more cuts, reforms – Sydney Morning Herald

June 7, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Spain, Portugal need more cuts, reforms
Sydney Morning Herald

Spain's latest cuts come on top of a 50-billion-euro austerity package announced in January and include an average five per cent pay cut for public sector ...

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Spain strike to vent frustration, but test is job reform

June 7, 2010
By Pay Cuts

* Over 2.3 million workers affected by pay cuts * Public workers' strike may hit schools, hospitals * Labour reform to be unveiled on Wednesday MADRID, June 7 (Reuters) - Spain's public sector strike against a government

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Cameron signals cuts in welfare

June 6, 2010
By Pay Cuts

Minister David Cameron has signalled that growth forecasts would be revised down while welfare bills and public sector pay would be high on the target list for spending cuts, the Sunday Times reported. The newspaper quoted Cameron, a Conservative who

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UK?s Cameron Signals Cuts in Welfare, Public Sector to Rein in Ballooning Debt

June 6, 2010
By Pay Cuts

Minister David Cameron has signaled that growth forecasts will be revised down while welfare bills and public sector pay will be high on the target list for spending cuts. The Sunday Times quoted Cameron, a Conservative who came to power last month, as

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Public Sector Spending Cuts: Cuts Would Be Painful And Would Affect Our Way of Life – Prime Minister

June 6, 2010
By Pay Cuts

would lay out how his Government would look to tackle the 156bn deficit while acknowledeging that the spending cuts would impact upon 'our whole way of life'. Arguing that the fiscal situation is far worse than he and his colleagues had anticipated and

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Peter Phillips, Shropshire councillor for Bishops Castle, Minsterley, writes about the innocent victims of bankers greed

June 6, 2010
By Pay Cuts

and support. Many are women, many are parttime and many public service workers earn little above the minimum wage, only a few earn anything near the national average pay. The average public sector pension is 4,000. It wasnt our public servants who

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Scotland will be hit harder by spending cuts, says report

June 6, 2010
By Pay Cuts

estimate. Dougie Adams, its senior economic advisor, said Scotland's economic recovery would be handicapped by massive jobs cuts in the public sector with some 30,000 positions expected to disappear: "There is real pain to come in the form of public

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Scotland will be harder hit by public sector cuts, says report

June 6, 2010
By Pay Cuts

estimate. Dougie Adams, its senior economic advisor, said Scotland's economic recovery would be handicapped by massive jobs cuts in the public sector with some 30,000 positions expected to disappear: "There is real pain to come in the form of public

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Scotland will be last in UK to make recovery, says report

June 6, 2010
By Pay Cuts

estimate. Dougie Adams, its senior economic advisor said Scotland's economic recovery would be handicapped by massive jobs cuts in the public sector with some 30,000 positions expected to disappear: "There is real pain to come in the form of public

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Breaking News: Cameron warns of Government cuts

June 5, 2010
By Pay Cuts

David Cameron has warned of "pain" to come as the Government curbs welfare and public sector pay bills to bring down Britain's massive debts. In an interview with the Sunday Times, the Prime Minister said the new administration would be trying to "take

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Cameron: ‘Years of pain ahead’

June 5, 2010
By Pay Cuts

The prime minister indicated a sharp downgrade in official growth forecasts and revealed that welfare and public sector pay would bear the brunt of budget cuts. It is understood that tough measures being considered to help control the 156 billion budget

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Cameron warns of Government cuts

June 5, 2010
By Pay Cuts

David Cameron has warned of "pain" to come as the Government curbs welfare and public sector pay bills to bring down Britain's massive debts

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Public sector cuts ‘biggest since 70s’ – Video

June 3, 2010
By Pay Cuts

Northern Ireland faces the biggest public sector cuts in a generation, Finance Minister Sammy Wilson has warned. - Video available

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