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Outlook for jobs worsens in fresh blow to Osborne

Publié par Clifford Armion le 25/11/2011

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Andrew Grice

A gloomy official forecast on jobs will be issued next week on the same day that the Chancellor, George Osborne, delivers his Autumn Statement on the economy.

Ministers expect the independent Office for Budget Responsibility to downgrade its previous prediction that public sector job cuts will be outweighed by a significant expansion in the private sector. "The figures will be grim," one minister said.

In March, the OBR forecast that total employment would increase by about 900,000 by 2015, with 1.3 million extra jobs in private companies more than compensating for 400,000 lost public sector jobs. But following anaemic growth levels, it will revise the figures next Tuesday.

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"Outlook for jobs worsens in fresh blow to Osborne", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2011. Consulté le 17/06/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/outlook-for-jobs-worsens-in-fresh-blow-to-osborne