The government's spending cuts and the rise in VAT to 20% in January will result in more than 1.6 million job losses across the public and private sectors by 2016, research suggests.
The Chartered Institute of Personnel and Development said the impact of the Spending Review had been "understated".
It predicts 725,000 public sector jobs will go - more than 100,000 higher than a government-appointed body.
It also estimates 900,000 private sector jobs will go.
Isn't this marvellous. The treasury has rebuffed it of course but people aren't believing them. I'm not believing them anyway. It seems impossible that they can't realise how much of an effect the job losses and VAT rise will have.
But of course if they recognised that, they'd have to do something about it and we all know that's not the Tory way.
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