From the TUC

Treasury admits over a million job losses to come

29 Jun 2010, by Guest in Labour market

The Chancellor claimed his Budget was fair and it turns out not to be the case.  Now his claim that it will benefit the economy is looking equally ropey.  The admission comes not from a think tank but from the Treasury itself.  Larry Elliott of The Guardian has seen a leaked presentation by Treasury officials which predicts that between 500,000 and 600,000 jobs will be lost in the public sector over the next five years with a further 600,000 to 700,000 in the private sector.  None of this appeared in the Budget of course.  Didn’t he say something about transparency and honesty as well?

9 Responses to Treasury admits over a million job losses to come

  1. Tweets that mention Treasury admits over a million job losses to come | ToUChstone blog: A public policy blog from the TUC —
    Jun 29th 2010, 11:27 pm

    […] This post was mentioned on Twitter by Matthew McGregor, ToUChstone blog and TIGMOO, Nigel Stanley. Nigel Stanley said: RT @touchstoneblog: Treasury admits over a million job losses to come […]

  2. Tokyo Gaijin
    Jun 30th 2010, 1:57 am

    I suppose you didn’t like the bit about 2.5m new real, wealth generating (private sector) jobs being created so you just ignore it. It shouldn’t be a surprise that the Guardian uses a misleading headline and opening paragraph and that the TUC simply parrots this nonsense.

  3. | ToUChstone blog: A public policy blog from the TUC
    Jun 30th 2010, 8:51 am

    […] night Adam blogged about the Guardian’s report that the Treasury has estimated that the budget will cost 1.3m […]

  4. Adam Lent

    Adam Lent
    Jun 30th 2010, 9:25 am

    @Tokyo Gaijin

    I’m in good company because Osborne didn’t mention the creation of those 2.5 million private sector jobs either. Maybe like John Philpott, who is quoted in The Guardian article, he recognised that “there is not a hope in hell’s chance of this happening”.

  5. Dave Plummer
    Jun 30th 2010, 12:53 pm

    How on earth do we stop them? They are going to further ruin the economy and, more importantly, put millions through the hell of unemployment.

    There HAS to be a way to stop them.


  6. Tokyo Gaijin
    Jun 30th 2010, 1:08 pm

    @ Dave Plummer
    The economy is ruined from years of mismanagement by Gordon Brown. There will inevitably be some pain as Osborne takes the actions needed for the survival of the UK economy – arguably he actually isn’t doing enough, but to have continued on the path Labour was on would have certainly ended in catastrophe and much greater pain for much longer for many more people.

  7. Dave Plummer
    Jun 30th 2010, 1:14 pm

    @Tokyo Gaijin

    I think the worldwide financial collapse might have been something to do with it. Can’t really blame Gordon Brown for that.

    Osborne is rubbing his hands with glee that he’s been given an excuse to inflict the Tory ideal of a massacred public sector without a care for those who’ll be affected.

    The right wing rhetoric is built on myths and lies, as a quick glance around this site will attest. Millions will be hurt to support the Tory ideaology and achieve nothing.

  8. Tokyo Gaijin
    Jun 30th 2010, 2:13 pm

    @ Dave Plummer
    Sure the financial collapse caused things to get worse but remember Brown was running budget deficits every year from 2002. At a time when the economy was in good shape and he should have been running surpluses he was spending as if there was no tomorrow, how many hundreds of thousands of additional public sector positions were added ? Maybe in his arrogance he really believed he’d put and end to boom and bust as he famously declared. His actions then have left us in the awful mess we now find ourselves.
    If the Tory ideology is small government, more individual responsibility, prudent financial management, removal of disincentives, encouragement of private business and less nannying then it can’t come soon enough.

  9. The Squeeze
    Jun 30th 2010, 8:02 pm

    Dave, I think you meant to say “ can’t ONLY blame Gordon Brown for that”

    The whole point of banking regulation is to stop them going bust. Who was in charge of regulating UK banks? Step up one Mr G. Brown.