Where has all the money gone?

Tesco it would seem to judge from their reported profits…

Money is much on my mind today. I am off at lunchtime to talk to the bank manager or one of his/her “minions”, I have been summoned for the annual review of the overdraft limit – usually this appears to be an attempt to persuade me to take out products and other such stuff, who knows what’s going to happen in these restricted times !

Tomorrow’s budget is also making me a little nervous. Whitehall departments are due to be slashed and required to make efficiencies. As an employee of an Agency I have learned over the years that when your sponsoring body has its budget cut then the chances are they pass the cut on to all the Agencies associated with the departments work.

In the 8 or so years I have worked for my current employers I have seen the “roll” fall from 20,000 employees to, I can’t remember whether it is 14,000 or 11,000. Its only about 2 years ago if that since we were last required to make efficiencies of some 25% across the board – and you can tinker around with the stationery supplies as much as you like, but it’s a universal truth that when an organisation needs to make “efficiencies” its in the staff “roll” that you can have most effect…so just remember tomorrow when the chancellor starts talking about “efficiencies” in Whitehall departments he mostly means job cuts.

Public sector pay and pensions? Most public sector workers put up with pay that does not in anyway compare with private sector equivalents because the pension provisions are respectable and relatively stable. The rank and file of us do not have large pensions, it’s done on a % of your final salary depending on the number of years you stay with the organisation – there may be some at the top who do get what the government describe as “large public sector pensions”, but its not them that tend to suffer with the cut backs, they just move on to another high profile job…

I think tonight I feel the need to bake…either that or a G&T…perhaps both!

1 thought on “Where has all the money gone?

  1. I used to work in a government agency to back in my pre-kid-age and I know what you mean about how they like to make ‘efficiencies’.

    I to am hoping there won’t be too many cuts from Whitehall, although none of us are civil servants now in this family, Mr. Lacer does lots of consultancy work for various government agencies.

    What they could do with cutting is the amount of useless NHS ads on buses, sorry going all Daily Mail there, it’s just I was counting them on the bus into town this morning.

    Anyway fingers crossed.

    PS My bank knows exactly how little money I’ve got yet they still try and sell me products!

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