Comprehensive Spending Review

News

20 October, 2010

The Chancellor's announcements today will have a huge impact on Lancashire Business. In the North-West, it is estimated that the cuts will result in excess of 100,000 public sector employees losing their jobs. Nationwide, up to 490,000 jobs in the public sector will be lost by 2014 15. Experts are already forecasting that the North-West will be hit hard by the cuts.

Jonathan Holden, Employment Law Solicitor at Forbes commented, "The potential impact of the Comprehensive Spending Review will be huge. I expect to see a steep increase in the number of Tribunal cases following the cuts and inevitable redundancies; and with Tribunals increasingly awarding greater compensation as a result of the present economic climate, it is clear that Employers in both the public and private sector will feel the pinch."

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