Government cuts: The effect on protection and health sales

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The Government has announced a policy of cutting across all departments. Peter Barnett assesses what this regime of a thousand cuts means for the protection and health intermediary

When Cat Stevens wrote The First Cut is the Deepest in 1967 he could not have known that 43 years later he would be proved so wrong. In fact, the recent Budget showed that to combat the huge fiscal burdens we face, our new Government plans to cut and cut again at the public sector – and if the medicine doesn’t appear to be working then the next cut may well be much deeper than the last. In his budget George Osborne predicted a very hard ride ahead for all of us, particularly in terms of Public Sector jobs, and went on to suggest he is actually looking at cutting the welfare bill by more ...

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