Unions Attack Vintage Thatcher Job Cuts
Sunday, June 27, 2010 7:50Posted in category Jobs
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The future of the labour market became a rhetorical battlegroud as trade unions flayed the chacellor’s vintage Thatcher Budget, but held their fire on the timing of any industrial action over jobs, pay and pensions.
George Osborne cited an optimistic forecast by the Office for Budget Responsibility that unemployment currently 2.47m or 7.9 % of the workforce, would peak at 8.1% this year and fall to 6.1% by 2015.
Economists are divided over how far public sector job losses may hold back labour market recovery.
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