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UK Running Out of Other Peoples Money..cutting 500K Public Sector Jobs..Huge Spending
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10-22-2010, 02:14 AM
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RicyReetred
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UK Running Out of Other Peoples Money..cutting 500K Public Sector Jobs..Huge Spending
Why not just print up more $$$ ... going to work wonders in Amerika
BBC News - Spending Review 2010: George Osborne wields the axe
Up to 500,000 public sector jobs could go by 2014-15 as a result of the cuts programme, according to the Office for Budgetary Responsibility.
Mr Osborne has not set out in detail where the jobs will go but he admitted there will be some redundancies in the public sector, which he said were unavoidable when the country had run out of money.
Government departments facing major cuts to their budgets include the Home Office, on 6%, including a 20% cut in government funding for police over four years, the Foreign Office, facing 24% cuts, and the Cabinet Office, which will see its budget slashed by 35%.
The justice department is facing cuts of 6%, with 3,000 fewer prison places over four years.
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