Another brilliant piece from Liam Halligan on the inadequacies of the UK’s feeble coalition government, which is dressing itself up as a sheep in wolf’s clothing.
On Wednesday we were told that 490,000 public sector workers will lose their jobs over the next five years. That sounds like a high number and, despite natural wastage and redundancy deals not available in the private sector, this cut will be painful for many of those involved. But it represents merely a return to where the public sector headcount was in 2005. That is by no means a historic retrenchment.
The rest is well worth reading.