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Budget will cost 1.3m jobs - Treasury
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| Contributor | RP |
| Last Edited | RP Jun 30, 2010 03:19pm |
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| Category | Report |
| Author | Larry Elliott |
| Media | Newspaper - Guardian |
| News Date | Wednesday, June 30, 2010 09:00:00 PM UTC0:0 |
| Description | Leaked government data concerning next five years shows hidden costs of austerity drive
George Osborne's austerity budget will result in the loss of up to 1.3m jobs across the economy over the next five years according to a private Treasury assessment of the planned spending cuts, the Guardian has learned.
Unpublished estimates of the impact of the biggest squeeze on public spending since the second world war show that the government is expecting between 500,000 and 600,000 jobs to go in the public sector and between 600,000 and 700,000 to disappear in the private sector by 2015. |
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