Budget will lead to public sector jobs carnage - FT‏

The FT reports that ‘hundreds of thousands of public sector jobs look set to go as government departments other than health face their biggest and fastest spending reductions of modern times – a mighty 25 per cent reduction over four years’. http://www.ft.com/cms/s/0/a27ee922-7dfb-11df-b357-00144feabdc0.html?ftcamp=rss

Ominously the public sector cutbacks in the 1990’s saw the public sector workforce ‘fall by almost 600,000 over seven years at a time when public spending cuts were less sharp and less deep than those now planned’.