725,000 public sector jobs face axe

725,000 public sector jobs face axe

More than 725,000 public sector jobs are expected to be lost in the next four years under the coalition’s plans to cut the deficit. According to Dr John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development, the government of David Cameron and Nick Clegg would much rather cut approximately 725.000 public sector jobs instead of raising taxes. If this happens, about 350.000 jobs in town hall posts, 175.000 NHS management and administration jobs and 200.000 jobs in civil service and education will be lost. This will bring the level of unemployment up to three million and there is no sign of this recovering within this coalition term of three to four years. It is said that fifty thousand public sector posts will go this year alone in the bid to cut £6.2 billion from public spending. Previous estimations where based and set on a 60:40 split between spending cuts and tax raises, but the coalition government has adopted a new ratio that seems to be closer to 80:20, which would lead to the higher figure of job losses then first intended.

Source: Retrieved June 10th, 2010
http://business.timesonline.co.uk/tol/business/industry_sectors/public_sector/article7147171.ece

My reaction:

If I would have a say in the matter I would most definitely tell these two men to think about what they are doing or about to do. I would much rather pay more taxes then having to sit at home not having a job or somebody else for that matter having to sit at home jobless. In this world to me it seems that the richer only seems to get richer as the poorer are getting poorer. I would think that it is only fair if the rich would pay more taxes being as they do earn more money than the regular john. And is not so that you also lose money to the people sitting at home, productive I figure not.