Government cuts: The effect on protection and health sales

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Younger generations more open to paying for protection advanced added-value services

Younger generations more open to paying for protection advanced added-value services

Critical Thinking 2026 report finds

Jaskeet Briah
clock 13 March 2026 • 4 min read
Why the FCA protection consultation isn't just a relief, it's a rallying call

Why the FCA protection consultation isn't just a relief, it's a rallying call

'Together, we can build the next chapter of protection'

Paul Yates
clock 05 March 2026 • 5 min read
Advisers predict growing protection demand

Advisers predict growing protection demand

Rising costs is the biggest challenge

Cameron Roberts
clock 26 February 2026 • 1 min read