Interesting watching the reaction and various political posturing. No one really has come forward with a viable plan.
Good comment I thought from the CBI Director General:
"Most of what we've done in this parliament, frankly, has been efficiency savings, cuts in head count, controls on pay," he told BBC Radio 4's Today programme.
"If you're going to make the cuts we now need to make you've got to be far more lateral, you've got to re-engineer the whole model."
One "way forward" could be a reduction in the number of government departments, he suggested.
BBC News
“no offense to the dog walking businesses that have set up over the last couple of years, but realistically they and similar types of businesses are hardly going help make the UK prosperous as their tax contributions will always be next to nothing and is probably on par with being an Avon lady.”
Agree, we need bigger and more sustainable businesses. Firms that will recruit and take on apprentices, firms that pay plenty of Corp Tax. Is it a mind set that seems to be driving us to lifestyle businesses versus a scalable business? Do we worry about risk? Hmm, feel another thread coming on...
Whichever way you look at it, the countries cupboards bare, resources stretched to the limit, a token military that has had it's professional reputation decimated in recent times as military ambition has gone out of synch with actual capability. Welfare seems to be finally under the spotlight along with changes to the NHS, but is it enough?
As the CBI bloke said, "you've got to re-engineer the whole model", but which political party is going to step up to the plate and take the challenge on when you know it will be unpopular and lose votes. Instead we get tinkering and tweaking