For example, he argued that the loss of 100,000 public sector jobs would not have a huge impact on a 30 million-strong job market. We predicted yesterday that this comment would prove inflammatory; that does not invalidate the observation. As for Lord Young’s point that the cuts will only reduce government spending to 2007 levels, that falls into the category of speaking truth unto power. It casts doubt on both the Coalition’s references to a bold reduction in the size of the state and hysterical Left-wing claims that the public sector is being dismantled.