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    OBR analysis: Are public sector corporations excluded?

    12th July 2010 — Filed under: Economics, Labour market

    Nicola Smith Nicola Smith

    The OBR Budget forecast shows ‘general Government employment’ falling from 5.53 million at the end of this financial year (March 2011) to 5.04 million by March 2015. As has been reported elsewhere, this is a fall of 490,000. But ‘general government employment’, as defined by the Office for National Statistics, includes employment levels in local and central government only. At the moment the most recent figures for public sector employment (March 2010) show 6.09 million people in work in the public sector. This is because the total figure includes public corporations, where 555,000 people are employed (Q1 2010). But these people seem to have been left out of the OBR analysis.

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  • Economics

    OBR analysis: where will the new jobs come from?

    12th July 2010 — Filed under: Economics, Labour market

    Nicola Smith Nicola Smith

    The Office for Budget Responsibility is forecasting the net creation of 2 million jobs over the next five years – but has provided no information on where these jobs are likely to come from. As Adam has pointed out, in previous recessions it took considerably longer for employment levels to rise by this amount.

    So, in an attempt to better understand the OBR’s forecasts and consider where jobs may be created, we have (as reported in The Guardian on Saturday) looked at jobs growth by sector following previous recessions.

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  • Web links

    Web links for 11th July 2010

    11th July 2010 — Filed under: Web links

    • The coalition’s economic strategy will reduce growth and cut jobs and support for the unemployed
      Nicola has a guest post at LabourList, looking at what the Government’s economic policy to date may mean for the health of the UK labour market.
    • The Independent View: Child poverty
      Richard has a guest post on Lib Dem Voice: “In 1999, the government announced that it meant to end child poverty by 2020. Making progress towards that objective is now the responsibility of the Coalition; how well is it likely to do?”

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  • Cuts Watch

    Cuts Watch #124: The Census

    11th July 2010

    Richard Exell Richard Exell

    The government is looking into ways of reducing the cost of the 2011 census, which will be the last in its current form.

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  • Cuts Watch

    Cuts Watch #123: Cuts in Westminster

    9th July 2010 — Filed under: Cuts Watch: Families, Cuts Watch: Regions, Cuts Watch: Social care

    Nicola Smith Nicola Smith

    Westminster Council has now also published the financial report from its recent Cabinet meeting. This documents the £14 million of cuts to services that it is proposing in response to central government funding reductions.

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  • Cuts Watch

    Cuts Watch #122: Cuts in Wandsworth

    9th July 2010 — Filed under: Cuts Watch: Education, Cuts Watch: Health

    Nicola Smith Nicola Smith

    A Thousand Cuts has reported on cuts to playgrounds and a specialist child poverty support service in Wandsworth.

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  • Economics

    The future of science: ‘Isn’t it interesting?’

    9th July 2010 — Filed under: Economics

    Tim Page Tim Page

    I had never heard this anecdote before this morning, but apparently when plans for the Large Hadron Collider, the biggest science project in the world, were first mooted, along with the costs, UK Ministers baulked. They were, however, wrong-footed by the scientist who also happened to be Prime Minister at the time, Margaret Thatcher, who said, “Yes, but isn’t it interesting?”

    Given Lady T’s attitude towards trade unions, we don’t often speak of her in flattering tones, but she was right. Yes, it is interesting. It’s also very worthy for reasons of both economic growth and scientific discovery.

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  • Cuts Watch

    Cuts Watch #121: Local cuts in Gloustershire

    9th July 2010 — Filed under: Cuts Watch: Education, Cuts Watch: Families, Cuts Watch: Regions

    Nicola Smith Nicola Smith

    Councils are starting to provide detailed breakdowns of how spending cuts will hit their services and spending. Gloustershire County Council has outlined how this year’s £7.2 million spending cuts will be made.

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  • Cuts Watch

    Cuts Watch #120: Eco-towns

    9th July 2010

    Richard Exell Richard Exell

    The government has written to local authorities to announce that the funding for eco-towns is being halved.

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  • Cuts Watch

    Cuts Watch #119: consulting local people

    9th July 2010

    Richard Exell Richard Exell

    The Department for Communities and Local Government is discouraging local authorities from consulting their voters on whether to switch to directly-elected mayors and leaders.

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