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Wednesday, October 20, 2010

The SOBER Decade

Welcome to the "SOBER Decade", as George Osborne announces a £83BN spendings cut package that will (according to the much publicised photo of the Treasury briefing document) cost 490,000 public sector jobs by 2014/15.


Some leaders of the private sector claim that it can absorb the unemployed fleeing from the public sector. A tad optimistic to my view, given that many in the public sector have zero experience of working in the private sector and that there is considerable "prejudice" within the private sector to those from the public sector.

As ever there will be a chasm of reality between economic "plans" and political reality.

The next decade may well be "sober", but will the patient survive the withdrawal symptoms?

1 comment:

  1. The worse thing is that the people currently unemployed are struggling to find jobs as they are just not out there.

    Even if the private sector does pick up some items cut from the public sector its going to take 6 months for those businesses to start up and be able to employ the laid off workers.

    In the same speech they want to cut the amount of people on jobseekers... whilst putting at least another 100,000 out of work. That seems like a contradiction to me!