The government's spending cuts and the rise in VAT to 20% in January will result in more than 1.6 million job losses across the public and private sectors, research suggests.
"The figure from the Chartered Institute of Personnel and Development (CIPD) is far higher than previous estimates, the BBC reports. It said the full impact of the government's Spending Review had been "understated", and private sector jobs will be hit harder by the cuts than the public sector. The government has estimated around 500,000 public sector jobs will go. Read more...
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