Treasury admits over a million job losses to come
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?