2.3 million private sector jobs at risk from cuts

19th June 2010

Nigel Stanley Nigel Stanley

The FT reports today that 2.3 million jobs in the private sector are directly vulnerable to public spending cuts according to a new report from Oxford Economics.

The public sector spends £80 billion on services on top of the £140 billion used to buy goods from paper clips to fighter aircraft.

The service spending directly supports more than 1.2 million jobs, with another 1.1 million in the supply chain.

I am sure their shareholders will think that membership money for those employer groups clamouring for big spending cuts is money well spent.

2 Responses to 2.3 million private sector jobs at risk from cuts

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    [...] income families who face attacks on their living standards, with those private sector companies and 2 million private sector employee’s dependant on government contracts and with those sections of industry, such as Forgemasters, crying [...]