This year's budget shortfall is predicted to go over 170 Billion to around 180 Billion. A further 4.8 Billion was borrowed last month alone. The public sector vehicle is running away with itself. Is it ever going to be possible to reign things back in and return the public sector to the size it was in the early nineties. Back when people had more freedom and were able to determine how they lived their lives, without interference. Economists are suggesting that spending cuts would need to be made slowly in order to avoid greater recession. The unemployment that will result from cuts is staggering and with a private sector that has stopped recruiting, there's nobody to take up the slack.
Nevertheless, the cuts need to be made. Even between January and the election in May, more deleterious spending is tearing to pieces any hopes of a quick recovery. Just go to your local council's recruitment page and note how many utterly pointless and well paid jobs are going. There's so little to do for each role because there simply isn't anything that NEEDS doing. Local councils are not to blame, central government has been shoving money into local councils and telling them to get it spent and giving them a deadline of when to get it spent. Rather than immediate cuts, clearly investment will be needed to get mammoth public sector redundants back into work. Labour's done nobody any favours by handing out these jobs, totally unsustainable and shortsighted, they couldn't give a damn about the long term. Look at our energy availability for that. There'll be no electricity left thanks to their failure to plan.