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.’

SIGN UP
For your free daily news bulletin
Highways jobs

Graduate Trainee Electric Vehicle Infrastructure

North Yorkshire Council
£25,183 - £30,559
Could you help us deliver Electric Vehicle infrastructure to support this new transformation mode of transport. Greenwich, London (Greater)
Recuriter: North Yorkshire Council

Contracts and Strategy Officer

Royal Borough of Greenwich
£41,442 - £44,331
Royal Greenwich is on the up! Having achieved a 3.8% increase in our recycling rate this year Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Senior Developer

Royal Borough of Greenwich
£52,584 - £69,068
Royal Greenwich is a vibrant borough, with a rich history and diverse community. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

SEND Operations Assistant - 2 year FTC

Essex County Council
£25081 - £26679 per annum + + 26 Days Leave & Local Gov Pension
SEND Operations AssistantFixed Term, Full Time£25,081 to £26,679 Per AnnumLocation
Recuriter: Essex County Council

Welfare Benefits & Money Advice Caseworker

Sandwell Metropolitan Borough Council
Band E SCP 18-25 (£30,559 - £35,235 per annum
We have an exciting opportunity for a skilled individual to join our Welfare Rights Team Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council
Linkedin Banner