Tags: UK Slates 500K Public Sector Jobs for Cut

UK Slates 500K Public Sector Jobs for Cut

Thursday, 21 Oct 2010 08:30 AM

Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, according to a report by the BBC. On the chopping block: up to 500,000 public sector jobs, which could go by 2014-15 as a result of the cuts program, according to the Office for Budgetary Responsibility.

britain, job, cuts, publicOsborne attributes the necessity of the landmark cuts to simply -- the country is out of money to spend.

Government departments facing major cuts to their budgets include the Home Office, over 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 latest cuts come on the heels of an announcement of major cuts to the nation's military budget.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, according to a report by the BBC. On the chopping block: up to 500,000 public sector jobs, which could go by 2014-15 as a result of the cuts program, according to the Office for Budgetary...
UK Slates 500K Public Sector Jobs for Cut
130
2010-30-21
Thursday, 21 Oct 2010 08:30 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved