Budget could see 1.3m UK job losses
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Spending cuts announced in the emergency Budget could lead to up to 1.3m job losses in the UK over the next five years.
According to reports, leaked Treasury figures show that between 500,000 to 600,000 are expected to go in the public sector and 600,000 to 700,000 in the private sector by 2015.
The Guardian says the figures are from a slide which was part of the Treasury presentation on the Budget, claiming that the Chancellor George Osborne would have seen this before delivering his speech.
In last week’s Budget, Osborne said there would be cuts across all government departments of 25 per cent in the next four years, with the exception of health and foreign aid. He did not highlight how many public sector jobs would be lost, but said the majority would come from not filling vacant posts rather than redundancies.
The Treasury is assuming that 2.5m jobs will be created as a result of growth in the private sector by 2015.
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Readers' comments (2)
Anonymous | 30 Jun 2010 9:35 am
2.5m jobs being created in the private sector - when its still heavily into deleveraging and major export markets are going backwards...
Boy George is having a laugh..
He's cutting up welfare and housing benefit ready for his onslaught on jobs..
So more reposessions and a 1980s style slump..
+ Some newspapers scream for the Whitehall "pen pushers" to be cut back but in reality its going to be Bobbies on the beat cut, schools, hospitals cut etc. in the most savage assault on our services ever seen..
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Anne Mack | 30 Jun 2010 3:22 pm
If all this money is to be saved from departments, why is the overseas aid budget not being cut.
Nothing against these poorer countries but needs must!
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