Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Budget expected to result in 1.3 million job losses

by Dylan Lobo on Jun 30, 2010 at 07:53

Leaked figures suggest the job losses in the UK could be far worse than anticipated.

The Guardian said it had seen a slide from a Treasury presentation on the Budget which indicated that the government is expecting between 500,000 and 600,000 jobs to be lost in the public sector and between 600,000 and 700,000 to disappear in the private sector by 2015.

Chancellor George Osborne gave no hint on how his tough Budget would impact the jobs market, raising concerns that he is not being honest about the true extent about the scale of the crisis in the UK economy.

The figures come into conflict with the Office for Budget Responsibility’s prediction that unemployment will peak this year at 8.1% and then fall to 6.1% by 2015. 

1 comment so far. Why not have your say?

Neil Shillito

Jun 30, 2010 at 08:53

The headline figures are daunting and job losses on this scale will undoubtedly affect the economy, but consider this: Labour 'created' 600,000 jobs in the public sector during their time in office. How on earth did the country manage before then? Weep not for the Lesbian Gay Whale Outreach Co-ordinator on £45,000 p.a + index-linked pension; she can get off her fat backside and get a proper job.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

What others are saying


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet