1.6 Million Job Losses Prediction

1.6 Million Job Losses

by Ashley Clark, Director

The Chartered Institute of Personnel and Development (CIPD) has suggested that job losses as a result of government spending cuts and VAT rises in 2011 could total 1.6 million people.

We suggest these figures, perhaps the highest we have seen, are extremely pessimistic.

We believe that a further 1million unemployed is more realistic within the next 2 years.  500,000 public sector workers are likely to lose their jobs and we see the private sector being more robust as our invisible earnings in both E-Commerce and Financial Services expand.

The economy will have to grow over and above trend growth of 2.5% per annum.  We believe this will be achieved artificially as manufactured inflation will drive a boom much in the same way Thatcher’s Eighties Britain.  Read our Eighties History Lesson.

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