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Government's Comprehensive Spending Review Has Saved 130,000 Public Sector Jobs,

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http://www.telegraph.co.uk/finance/economics/8169222/Governments-Comprehensive-Spending-Review-has-saved-130000-public-sector-jobs-says-Office-for-Budget-Responsibility.html

Just 330,000 civil servants will lose their jobs over the next four years, from a 5.5m strong workforce, according to the Office for Budget Responsibility (OBR) – the Government's independent fiscal watchdog.

The figure compares with the OBR's 490,000 estimate in June, which was revised down to 460,000 on Monday due to changes in its methodology.

So original we have an "estimate" of 490,000 in now a few magic months later suddenly we can save the economy with only losing 330,000.

The cynic in me feels that the govt is playing a nice propaganda campaign in the public by deliberately over estimating the number of job losses so then the final figure is revealed everyone can be mightily relieved that it's no where near as "bad" as first thought and confidence is restored. Although considering deficit is still way out of control it would appear the good news won't be that way for long.

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  • 312 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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