Public sector job cuts 'to hit Wales and North'

An economic think tank has made a forecast that one in every ten people in the UK will be unemployed due to the cut in public sector jobs in Wales and Northern UK.

"According to the Centre for Economics and Business Research (CEBR), the unemployment rate will exceed 10% in Wales and the North of England."

Fortunately, London, South East and South West England will not suffer as bad because of the growing financial sector in those regions. "London is expected to account for 20% of the economy by 2015, thanks to the expected continued growth in financial services."

Since many of the jobs available in Wales and the North and public sector jobs, the cut back in government spending will hit them hard not to forget the private sector, which relies on many public sector contracts.