Unemployment 'will soar to 3m' as 725,000 public sector workers lose their jobs

Daily Mail
"Spending cuts will push up unemployment to almost three million as vast numbers of public sector workers lose their jobs, experts warn today.The respected Chartered Institute of Personnel and Development claims a massive 725,000 state jobs - nearly one in eight - will be axed.Chief economic adviser Dr John Philpott says state workers, who currently account for one in five of the workforce, should brace themselves for compulsory redundancies, vacancies left unfilled and recruitment freezes. Many, he says, face little prospect of finding another job with a bleak prediction that unemployment will soar to 2.95million."