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The Treasury documents, prepared for Mr Osborne prior to his “austerity budget,” said that 1.2 million people
will lose their jobs as a direct result on domestic spending cuts.
According to the briefing paper, 100-120,000 public sector jobs and 120-140,000 private sector jobs will
be “assumed to be lost per annum for five years through cuts.”
These losses will not be limited to the public sector, as many private businesses depend on government contracts for their survival.
Government departments have been told to cut expenditure on outside contractors, a move which will exacerbate
the situation further.
The Treasury document predicted that unemployment in the private sector caused by budget cuts will only be
slightly less than unemployment in the public workforce.
Mr Osborne’s assertion that the number of jobs would increase has also been questioned. Experts such as
John Philpott, the chief economist at the Chartered Institute for Personnel and Development, have cast doubt on
the private sector’s ability to generate new jobs in hard economic times.
“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,” Mr Philpott was quoted as saying.
The job losses and cuts are in marked contrast to the ever increasing expenditure on foreign aid, which is set to rocket to £13 billion under ConDem plans.
The full list of 185 nations in receipt of British aid in one form or another has been released on the Department for International Development’s website.
The list contains many surprises as it includes nations which observers would have thought not in need of
foreign aid at all.
Full list...
HERE