Spending Review 2010: Zurich Municipal warns against "knee jerk" reactions

He added: "While many local authorities – and public sector organisations more broadly – have, for some time, been implementing effective changes to pave the way for these cuts, activity must now be ramped up."

Jepp continued: “That doesn’t mean knee-jerk reactions or hitting panic stations – anything but. It is more vital than ever that public bodies take a considered and long-term approach to risk management and carefully think through the implications of any austerity measure – whether that