Link to Price Waterhouse Cooper's information on the 500,000 expected private sector cuts as a result of the 490,000 public sector job losses announced in the CSR

http://www.ukmediacentre.pwc.com/News-Releases/Private-sector-jobs-could-be-significantly-affected-by-public-sector-spending-cuts-but-will-not-cause-double-dip-recession-says-PwC-research-f35.aspx

There's more information on the press release. Here's the snip.
"
Almost half a million private sector jobs could be lost as a result of
the upcoming public sector spending cuts and private sector gross output
could be reduced by around £46 billion per annum by 2014/15 due to the
impact on suppliers to the public sector, according to a new PwC report,
"Sectoral and regional impact of the fiscal squeeze", published today.
When combined with OBR public sector job loss forecasts, nearly one
million could face unemployment due to public sector cuts. However, the
report also highlights the potential for job creation in the private
sector resulting from more employment opportunities coming from
increased activity in areas such as the outsourcing market and interest
rates staying lower for longer due to the fiscal consolidation.

John Hawksworth, chief economist at PwC, said:
"