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Job Loss Predictions Too Conservative?

job-cutsIt has been suggested that recent public sector job loss figures are too conservative when compared to the government’s spending cuts.

It was originally predicted that 400, 000 public sector jobs would be cut by the government during the next five years however Ernst and Young ITEM Club have predicted this will rise by another 100, 000.

Chancellor George Osborne is due to give his statement on the state of the economy this week.