UK Politics

Labour Party: Osborne's job cuts could cost taxpayer £8bn - Johnson

News   •   Oct 22, 2010 13:47 BST

Alan Johnson MP, Labour's Shadow Chancellor, today said George Osborne’s job cut plans could cost the taxpayer £8bn.

Mr Johnson has based his figures on the redundancy bill for the Ministry of Justice, where 14,000 staff are set to lose their jobs at a cost of £230m.

Alan Johnson said:

“If the taxpayer has to foot a comparable redundancy bill for the 490,000 jobs that are to go across the public sector, George Osborne has lined them up for an £8bn hit.

That is the price of going too far and too fast. On a timetable determined by the date of next election, not the economic cycle.”

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