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Realistbear

500,000 Jobs To Be Cut But It Will Not Affect Recovereh

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http://www.telegraph.co.uk/finance/jobs/8060539/Government-spending-cuts-will-see-a-million-people-lose-their-jobs-says-PwC.html

Government spending cuts will see a million people lose their jobs, says PwC
Almost half a million people in the private sector will lose their jobs as a result of public spending cuts, new research suggests. The number is the same as the Government expects to cull from the public sector by 2015.
By Richard "Dick" Tyler, Enterprise Editor
Published: 6:30AM BST 13 Oct 2010
For parts of the UK, it will mean one in 20 people lose their job over the next four years as a result of the £83bn public spending cuts to be announced by the Chancellor next week.
Private sector output could be slashed by £46bn, or 2pc of the total, consultants PricewaterhouseCoopers (PwC) said. This would
not be enough to push the economy back into recession
, it said.

Half a million jobs lost, knock on effect, private sector not able to absorb and it will not have any impact? The recovereh must be locked in and will, indeed, be a jobless recovereh.

Not sure how to react to this blue skies "news." :blink: *

* :lol::lol::lol:

Edited by Realistbear

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  • 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%



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