Former Bank of England Governor: Government needs to reform public services ahead of Budget 2024

[@anthonyf7821]

This is the same man who said that a 125% mortgage was a sound investment idea in 2006. This concept collapsed two years later.

[@willkinmont611]

He ‘never saw it coming’ referring to the 2008 crash. Everything that’s wrong with the UK governance.

[@nicholasbrus8628]

Public sector pensions are a £2.54 Trillion unfunded liability and £40 Billion deficit is only 1.57% of that. These public sector pensions are unfair and pay out on average 4 times more than the equivalent in the private sector, yet the private sector is forced to fund them while we can't even fund our own. This is the first place that should be reformed as it is demonstrably unfair to tax the private into oblivion, when simply bring public sector pensions into line would negate any need for tax rises and fund a whole raft of infrastructure improvements. Instead Labour has chosen to give inflation busting pay rises to the public sector (herself and husband) while ensuring those who pay her wages are taxed into oblivion.

[@taffyterrier]

… yet junior doctors and NHS consultants will probably be striking again soon in spite of their recent 20-22% pay rises and taxpayer subsidised gold plated, index linked pensions.

[@user-bu9nb8wr6e]

So let's just get this right, we have a person who lied about being a chess champion, an economist and had her parliamentary credit card blocked for spending 4k she couldn't account for running the economy. What could possibly go wrong 😂

[@Peter-q8v6v]

Office for value for money? Another unaccountable quango which serves no purpose.

[@med7743]

I already am paying more than my parents/grandparents , and i am 47, let alone my grandkids - trying to leave this country as its completely broken and no fiscal plan to recover , its a dead country

[@J_Bone1888]

remember when we were taxing the oil and gas companies to pay for everything?

[@Simon-d3n]

Just more of the same, whatever the question, its just take more and more tax from people, when we get to 100% tax, the govener will say, just a bit more tax. Mr King should know that to reduce spending on the over bloted public sector!

[@taffyterrier]

Start with their pay, pensions and bonuses.

[@flyinghedgehog3833]

Cut 30% of civil servants... For starters

[@CloningIsTooGoodForSheep]

Inflation is a tax on working people but they still insist on 2% a year as a minimum.

[@jhutfre4855]

it is a tax on people with too much cash savings.

[@kevinsyd2012]

@@jhutfre4855 It's a tax on the financially illiterate.

[@jhutfre4855]

@@kevinsyd2012 ???

[@Adam-xx2tz]

Reform is key, as we continue to pay more for less.

[@lodoss118]

Wait is there a way to borrow without paying interest m?

[@przemyslawszymczak8180]

For Kier Liar Starmer self-employed delivery man is not working person.

[@garnhamr]

WE will be in a difficult position, sure

[@Simon-d3n]

Why are we listening to this guy, he has ovenseen the spendingspree that got us into this mess in the first place!

[@TonyWelch75]

Spend spend spend, why don’t we spend more money looking at waste

[@nicks4934]

King supports Brexit. The budget simply fills that gap.

[@T5Zplayer]

King is the fat cat who said the poor could survive. Don't forget.

[@bumberClart1000]

9 bob note alert 😮

[@adrianappleyard4005]

I agree with your statement, with the exception about supporting Ukraine.

[@fintamaria2429]

🤦🤦

[@itsrossrobinson]

Nice to hear a grown up speaking. If only this man would have been a politician.

[@brianevans2819]

He is too honest to be a politician and doesn’t seem like he could or would be corruptible.

[@Peter-q8v6v]

He's the same person who contributed to your lower standard of living.

[@NY-Dani]

Sounds way too sensible