Hundreds of thousands of public sector jobs are likely to go. In the 1990s, when the public sector was squeezed, 700,000 jobs were lost.
The £200 billion welfare bill will also come under attack, with some payments frozen and others, such as housing benefit, cut back. Planned cuts in child tax credits are likely to be followed by more draconian reductions.
The hospital and school-building programme will grind to a halt as infrastructure spending is more than halved. more...
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Hundreds of thousands of public sector jobs are likely to go. In the 1990s, when the public sector was squeezed, 700,000 jobs were lost.
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