This means that for every
job lost in the capital, eight new ones were created.
Work and pensions secretary, Iain Duncan Smith, commented on the good
news: "This job creation means more Londoners with a wage in their
pocket and security for their family.
"It shows just how wrong our critics were when they said the private
sector wouldn't be able to replace jobs lost in the public sector as we
bring spending under control."
Across the entire UK, around 1.1 million jobs in the public
sector are estimated by the IFS to go between the financial years of
2010-2011 and 2018-2019, reports independent.co.uk. This means that 19 per cent of all public sector jobs will cease to exist come 2019.
However, it is believed this drop in employment will be outpaced by
the rise in employment in the private sector, as around 3.1 million
private sector jobs will appear over the same period.