Latest speaker (author Chapter 9) is v. Amusing & has effectively proven that there’s hardly ANY public sector wage premium, when you adjust for education & job type. You can’t compare neurosurgeons to waiters! Plus – we have taken on 200,000 bankers in the last 2 years!

V critical of Economist ‘Leviathan’ article.

But PS pensions significantly better …. target them

And makes strong case for recognising Regional Variations ! Alison Wolf Is Right.

UPDATE: I notice a representative of a prominent bond fund manager – that is famously sceptical of gilts – listening carefully. I wonder what he thinks of the equanimity with which this influential audience has listened to a list of suggestions for cuts to benefits?

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