Thursday, Feb 28, 2008
Strong fundamentals, record employment, low inflation and an end to boom & bust !
Sky News: 12,000 Jobs Cut In Work And Pensions
Massive job cuts have been announced at the Department for Work and Pensions - with some 12,000 positions to be axed over the next three years.The news came just hours after the department signalled a bigger role for the private and voluntary sectors in helping people find work.Work and Pensions Secretary James Purnell said he wanted a "step change" in the benefits system, giving the private and voluntary sectors more freedom. Unions had already expressed concern the move could lead to job losses among DWP staff.
Posted by jack c @ 02:56 PM (697 views) Add Comment
6 Comments
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1. japanese uncle said...
It appears to have started to roll. Crash G's policy to waste billions for placing hundreds of thousands of people into non-jobs in the public sector was an act of negligence of almost criminal scale, just to exacerbate the effect of his beloved 'boom and bust', now that he is forced to scrap those non-jobs. (Essential jobs coulc not possibly be scrapped with such ease like this from the begining!) But what for? What a waste!
2. whiteknight said...
A wry observation about these job cuts only being possible because there will be none of either (work nor pensions) probably exists.
But i am not sure what it is.
3. wdbeast said...
Tony Bliar is literally laughing all the way to the bank!
4. Plato said...
Here we go ------- some of the biggest wasters are getting the CHOP. Even though it will be a big vote loser --- Jobs for the boys are falling apart. This has to be a desperate situation worth the sacrifice.( Of course their mates will get the Private contracts)
Looks to me like this Government doesn't even want the future vote. They are desperate to get out,run with their spoils while they can. Let someone else sort this almighty mess out. It's obvious.
5. jack c said...
I suspect the likes of Capita, EDS and Siemens etc... will be rubbing their hands with glee at the prospect of more "work" coming their way - with a big gold plated guaranteed payment from the Gov to underpin it all.
I'm afraid the mess Crash G and his team have got us into is worse than even the most bearish contributers to this site could have imagined.
6. alan said...
Comments from BoE policymakers in regional newspapers published on Thursday.
"Deputy governor John Gieve told the Sheffield Star that developments in inflation will decide whether the BoE continues to cut rates, and Timothy Besley told the Nottingham Evening Post that weaker consumer spending does not mean the British economy is heading for disaster" (reuters).
ps: Euro is $1.52 ....!