Public Sector Costs Taxpayers Gbp58bn a Year, Says Think Tank

Summary

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A LEADING think tank has declared that the UK's public sector is costing taxpayers GBP58.4bn a year , , almost half of government's income tax take.

The Centre for Economics and Business Research (CEBR) analysed official figures released last week and found that the public sector's productivity performance had been even worse than previously reported, dropping 3.4per cent from 1997 to 2007. During the same 10-year period, productivity in the market sector rose by 27.9per cent.

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Public Sector Costs Taxpayers Gbp58bn a Year, Says Think Tank

The think tank blame inefficiencies in the public sector, and a reluctance to embrace...

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