Report What Will Spending Cuts Mean For Scotland in Scotland Posted October 31, 2010 I am looking for a family home in the morningside, bruntsfield, marchmont area. I think the public sector job cuts will have little impact on the prices of the places I am looking at. If any job losses were going to effect the prices of 3 bed + places in this part of town, it would have been the massive banking job losses. RBS alone has shed lots of jobs in the last few years (9000 rings a bell?), and house prices are still inexplicably shooting up... What would have more effect would be an interest rate rise, and after the recent growth figures, maybe an interest rate rise isn't that far off anymore.