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The Masked Tulip

Public Sector Job Cuts 'to Hit Wales And North'

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At least one in 10 people will be unemployed in half of UK regions by 2015, an economic think tank has forecast.

According to the Centre for Economics and Business Research (CEBR), the unemployment rate will exceed 10% in Wales and the North of England.

The CEBR blamed expected huge cuts to public sector jobs.

London and the South of England are expected to escape the worst of the job losses, however.

The report warns unemployment could reach as high as 11% in Wales and the North East of England - both regions where many people are dependent on the public sector for work.

Speaking to the BBC, the CEBR's chief executive Douglas McWilliams said that Wales in particular could suffer because of the number of public sector jobs there.

"Those regions which are currently very dependent on the public sector are likely to suffer a lot more as the public sector gets cut," he said.

"Wales is probably going to be region that's going to be hit most by this, but also regions like the North West and the West Midlands.

"In Wales there has been a massive growth in public spending in the last few years, and that's probably unsustainable."

The goverment is due to detail its planned spending cuts later this year, following a comprehensive spending review.

http://www.bbc.co.uk/news/business-11130269

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  • 153 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%



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