1.3m jobs 'could go due to spending cuts', report says

Cuts announced in the Budget could lead to up to 1.3 million jobs being lost by 2015, a newspaper report claims.


The Guardian says leaked Treasury figures predict that up to 120,000 public sector jobs and 140,000 private sector jobs could disappear annually for the next five years.

Labour figures said the true cost of George Osborne's Budget was now clear.

But the government said independent experts expect "unemployment to fall in every year and employment to rise".