Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

1.3M More Unemployed Predicts Leaked Report

Recommended Posts

http://www.telegraph.co.uk/finance/economics/7862451/1.3m-people-to-lose-jobs-in-Austerity-Budget.html

1.3m people to lose jobs in 'Austerity Budget'

Over a million people will lose their jobs due to the Government’s spending cuts over the next five years, a leaked document projects.

By Andy Bloxham and James Kirkup

Published: 6:30AM BST 30 Jun 2010

George Osborne may find creating jobs is a tougher task than cutting Britain's Budget deficit George Osborne’s Budget last week said that there would be a net increase of 1.3m jobs by 2015 but the Chancellor did not mention the figures used to arrive at that conclusion.

Last night, unpublished Treasury documents disclosed that officials had estimated 2.5m jobs would be created but that a total of 1.2m would be lost in the same period, the Guardian reported.

Both the public and private sector are expected to be hit, the analysis concluded, with the losses narrowly greater in the private sector.

The Treasury said it stood by the prediction that the overall number of people in jobs would rise over the next five years.

However, experts cast doubt on the private sector’s ability to be able to generate so many jobs in such difficult economic circumstances, meaning that the true gain in employment could be yet more modest.

John Philpott, the chief economist at the Chartered Institute for Personnel and Development, said: “There is not a hope in hell’s chance of this [increase] happening: there would have to be extraordinarily strong private sector employment growth in a much less conducive economic environment than it was during the boom.”

Brendan Barber, the TUC’s general secretary, said: “It is absurd to think that the private sector will create 2.5m new jobs over the next five years.”

An extract from a Treasury presentation for Mr Osborne’s budget – seen by the Guardian – said: “100-120,000 public sector jobs and 120-140,000 private sector jobs assumed to be lost per annum for five years through cuts.”

Alistair Darling, the shadow chancellor, said: “George Osborne failed to tell the country there would be very substantial job losses as a result of his budget.

“Hundreds of thousands of people will pay the price for the poor judgement of the Conservatives, fully supported by the Liberal Democrats.”

A spokesman for the Treasury said: “The OBR forecast unemployment to fall in every year and employment to rise in every year.”

:o

Share this post


Link to post
Share on other sites

http://www.telegraph...ity-Budget.html

1.3m people to lose jobs in 'Austerity Budget'

Over a million people will lose their jobs due to the Government's spending cuts over the next five years, a leaked document projects.

By Andy Bloxham and James Kirkup

Published: 6:30AM BST 30 Jun 2010

:o

these people are already unemployed as we borrow 11% more than we earn to create these jobs ...

these jobs do not exist in the real economy ...

Share this post


Link to post
Share on other sites

And they still don't want to stop immigration to the UK. Nuts.

I am German and Czech. If I have to go back I would require that all British nationals would have to leave Germany and Czech rep. immediately ...

Share this post


Link to post
Share on other sites

I am German and Czech. If I have to go back I would require that all British nationals would have to leave Germany and Czech rep. immediately ...

I believe the poster was talking about NEW immigration.

Not that I condone any sort of border police.

Share this post


Link to post
Share on other sites

I am German and Czech. If I have to go back I would require that all British nationals would have to leave Germany and Czech rep. immediately ...

I agree. Lots of Brits coming to Eastern Europe now. Poland is now flodded with Brits looking for a new start after being made bankrupt etc. Mainly drivers, accountants, IT staff. For as long as they pay their taxes I don't mind.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.