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Hunt announces initiatives to improve productivity in UK public sector

Prime Minister Jeremy Hunt announces new efforts to improve poor productivity In the public sector, he warned that without reform the state would outperform the economy, dashing hopes of long-term tax cuts.

Increasing output from public services is key to fiscal stability, Hunt said, adding that public sector debt could more than double GDP by 2071 if no action is taken. emphasized the official forecast that it could reach 217% of

Treasury Secretary John Glenn is leading what Hunt calls “the most ambitious public sector productivity review ever undertaken by the government” and is due to report in the fall.

The head of the UK Office for Statistics, the National Statistician, is revisiting measures of public sector productivity, such as in the NHS where the value of preventive health care will be measured in parallel with the number of hospital visits. deaf.

Speaking at a Policy Research Center conference in memory of the late Prime Minister Margaret Thatcher, Mr Hunt said increased productivity and growth “put us on the path to sustainable tax cuts”.

He said the UK faces increasing pressure on its public services due to an aging population and the need to strengthen its defense, but needs to be more efficient.

“We will start at a low base,” he said. “Public sector output is 5.7% lower than before the pandemic, while private sector output is up 1.3%.”

Labor will point out that the Conservatives have been in power for 13 years, during which time some public services have declined. Public sector workers are also being asked to increase output while their real wages are squeezed.

Mr Hunt highlighted the NHS reforms that have empowered local leaders and delivered on police chiefs’ efforts to reduce form filling. He said a 0.5 percentage point increase in public sector productivity growth each year would “stabilize the share of GDP consumed by the nation.”

Hunt has previously said that in the short term, tax cuts will only be possible if inflation and borrowing are contained, but in the longer term, public sector reforms are key to keeping taxes low.

The Prime Minister’s message was emphasized earlier in the day: Gillian Keeganthe education secretary said at the same meeting that tax cuts would have to wait until inflation subsides.

Mr Keegan slickly attacked former Prime Minister Liz Truss, saying tax cuts without “sound money and fiscal discipline” were “fairytale economics” and a betrayal of Thatcherism.

The education secretary said the “true legacy” of Britain’s first female prime minister was “sound finances and a strong economic base”.

Mr Keegan’s attempt to align his economic beliefs with Mr Thatcher’s is a bleak view that the party is headed for a lingering opposition after next year’s general election and will need a new leader. is rising among Conservative MPs and intrigues surrounding her future leadership ambitions.

She is reportedly the party’s centrist nominee, with a compelling backstory citing details on Monday.

Raised in a Merseyside blue-collar class, she began her working life as an apprentice in a car factory at the age of 16 and went on to have a successful career in business before becoming a Member of Parliament.

“I’ve learned that totals have to add up. I’ve learned that if you want to expand or capture new markets, you have to lay the groundwork and build a strong foundation,” she said.

Summarize this content to 100 words

Prime Minister Jeremy Hunt announces new efforts to improve poor productivity In the public sector, he warned that without reform the state would outperform the economy, dashing hopes of long-term tax cuts.Increasing output from public services is key to fiscal stability, Hunt said, adding that public sector debt could more than double GDP by 2071 if no action is taken. emphasized the official forecast that it could reach 217% ofTreasury Secretary John Glenn is leading what Hunt calls “the most ambitious public sector productivity review ever undertaken by the government” and is due to report in the fall.The head of the UK Office for Statistics, the National Statistician, is revisiting measures of public sector productivity, such as in the NHS where the value of preventive health care will be measured in parallel with the number of hospital visits. deaf.Speaking at a Policy Research Center conference in memory of the late Prime Minister Margaret Thatcher, Mr Hunt said increased productivity and growth “put us on the path to sustainable tax cuts”.He said the UK faces increasing pressure on its public services due to an aging population and the need to strengthen its defense, but needs to be more efficient.”We will start at a low base,” he said. “Public sector output is 5.7% lower than before the pandemic, while private sector output is up 1.3%.”Labor will point out that the Conservatives have been in power for 13 years, during which time some public services have declined. Public sector workers are also being asked to increase output while their real wages are squeezed.Mr Hunt highlighted the NHS reforms that have empowered local leaders and delivered on police chiefs’ efforts to reduce form filling. He said a 0.5 percentage point increase in public sector productivity growth each year would “stabilize the share of GDP consumed by the nation.”Hunt has previously said that in the short term, tax cuts will only be possible if inflation and borrowing are contained, but in the longer term, public sector reforms are key to keeping taxes low.The Prime Minister’s message was emphasized earlier in the day: Gillian Keeganthe education secretary said at the same meeting that tax cuts would have to wait until inflation subsides.Mr Keegan slickly attacked former Prime Minister Liz Truss, saying tax cuts without “sound money and fiscal discipline” were “fairytale economics” and a betrayal of Thatcherism.

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The education secretary said the “true legacy” of Britain’s first female prime minister was “sound finances and a strong economic base”.Mr Keegan’s attempt to align his economic beliefs with Mr Thatcher’s is a bleak view that the party is headed for a lingering opposition after next year’s general election and will need a new leader. is rising among Conservative MPs and intrigues surrounding her future leadership ambitions.She is reportedly the party’s centrist nominee, with a compelling backstory citing details on Monday.Raised in a Merseyside blue-collar class, she began her working life as an apprentice in a car factory at the age of 16 and went on to have a successful career in business before becoming a Member of Parliament.”I’ve learned that totals have to add up. I’ve learned that if you want to expand or capture new markets, you have to lay the groundwork and build a strong foundation,” she said.
https://www.ft.com/content/36193c36-4cae-4a9f-b950-32f993300523 Hunt announces initiatives to improve productivity in UK public sector

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