THE disgraceful, futile and doubtfully mandated strike by public sector employees will not change a thing.
Public sector pensions at their present level are unsustainable without a huge increase in contributions.
This is not a new problem. The seeds of the problem were planted when Edward Heath agreed to index-link public sector pensions, a benefit that could not be purchased by private schemes, even if they could afford it.
Since then, successive governments have turned a blind eye to the problem and refused to tackle the issue, most notably Alan Johnson, who caved in to the Labour Party paymasters, the unions, when he had a real chance to address the issues.
So I’m afraid the public sector unions and their members will have to get real. The wealth-creating private sector employees can no longer be expected to subsidise public sector pensions – it is not fair to this or future generations.
Incidentally, how predictably depressing to see the Burnley Labour group give their unanimous support for the strike action. Mr Pike and his colleagues just don’t get it.