There will be some pain, the spending in the past has been excessive and counterproductive, so when the public sector is cut back, it will employ less people. Of course, the issue there is that the public sector shouldn't have been employing them in the first place, but that is often ignored, just as failure to reform and modernise in the past was ignored when Thatcher was blamed for creating unemployment...
The real answer to this problem would have been to not run up massively excessive debts during the boom period in the first place... Unfortunately, Labour doesn't understand the idea of fiscal responsibility.
Which is what britboy was saying.
Prior to the recession we had a debt appropriate for the size of our economy. The global recession has been a severe one, and one made in an industry that has a sizeable presence in the UK, hence why it has been particularly severe for us and why the deficit is so large. Cutting public spending will only make things worse for us, however not cutting public spending will be even worse than that.


