Sharpe's Opinion

Sterling is warning the government and the MPC

John Redwood on what the Sterling collapse will mean for us. Well worth reading the whole thing – in particular he accuses Britain and America’s public and private sectors of “living beyond their means” for the past decade and says living standards need to come down.

Reading the atrocious story of Baby P sums up so much of what has gone wrong in the UK public sector. There was no shortage of highly paid managers, auditors, box tickers and process controllers. The more of these we employ, the less well it seems the task is performed that they are meant to be doing. The UK public sector needs to deliver more for less. It needs its teachers, nurses, doctors and social workers, but it does not need such a colossal army of pen pushers, time servers, mock managers and reviewers, let alone its battalions of spin doctors and management consultants.”