05 December 2013

AS2013: Public sector job losses offset by businesses

Jobs lost in the public sector will be 'more than offset' by employment created by businesses, chancellor George Osborne has said.

Giving his Autumn Statement, the chancellor said businesses were creating three jobs for each one lost in the public sector.

Affirming the Government was seeking a ‘job rich recovery for all’, Osborne said the total number of jobs was expected to have risen by 400,000 this year.

Unemployment is lower than in 2010 and is forecasted to fall from 7.6% this year to 7.1% in 2015, and 5.6% in 2018.

The number of people claiming unemployment benefit in the last six months has fallen by over 200,000 - Osborne claimed – marking the largest fall for 16 years.

‘There are those who said it was a fantasy to believe business could create jobs more quickly than the public sector could lose them,’ Osborne said. ‘What they should have said is that it would be fantastic if it happened.’

‘The OBR forecasts 3.1m more jobs being created by business by 2019 that, in their words, “more than offsets” the million or so reduction in the public sector headcount.’

For your free daily news bulletin
Highways jobs

Interim Head of Fostering

Tile Hill
Negotiable day rate
We are working with a local authority client in London who is looking for an Interim Head of Fostering, the local authority was last inspected as “... London (Central), London (Greater)
Recuriter: Tile Hill

Interim Head of Children in Care and Care Leavers

Tile Hill
Negotiable day rate
We are working with a local authority client in London who is looking for an Interim Head of Children in Care and Care Leavers, the local authority... London (Central), London (Greater)
Recuriter: Tile Hill

Head of Regeneration and Economy

City of York Council
£59,593 - £68,094
York is a wonderful place to live and work and it is quite rightly famous across the globe. York, North Yorkshire / Hybrid
Recuriter: City of York Council

Clinical Lead, North Essex

Essex County Council
Clinical Lead, North EssexPermanent, Full TimeUp to £57,869 per annumLocation
Recuriter: Essex County Council

Assistant Director Legal,&Governance/Monitoring Officer

Rochdale BC
£70,340 - £81,589
The Assistant Director role has breadth of responsibility beyond legal services incorporating Constitutional and Democratic Services Rochdale, Greater Manchester
Recuriter: Rochdale BC

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.