UK Politics

Labour Party: Another warning about the risks of the Coalition

News   •   Oct 13, 2010 12:20 BST

Angela Eagle MP, Labour's Shadow Chief Secretary to the Treasury has responded to a report by PricewaterhouseCooper which forecasts that nearly half a million jobs will be lost in the private sector because of Government spending cuts.

She said that: 

“Today's report from PwC will be very worrying for those people already concerned about the future of their jobs and is yet another warning about the risks the Coalition Government is taking with the economy. 

“And this isn't just about the public sector. The report is very clear that by cutting at this reckless pace the Government will hit the private sector hard, before it is fully back on its feet. The Government should not be taking this gamble with the economy.”