Wednesday, October 20, 2010

SPENDING REVIEW: 500,000 public sector jobs to go as Danny Alexander lets the cat out of the bag | Mail Online

The coalition expects 500,000 public sector jobs to be lost as a result of the drastic spending cuts, it was revealed today.

Danny Alexander let slip the forecast when he was spotted driving into the Treasury with an open copy of the Comprehensive Spending Review on his lap.

The Chief Secretary to the Treasury - who has been nicknamed Beaker after the Muppets character - was reading the document, which was caught on camera by waiting photographers.

Will the US ever follow this model or will it be QE to the end

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