By Marcus Leach

Cabinet Office Minister Francis Maude has warned that the public sector strikes set for November 30th could cost the economy in excess of £500 million.

Mr Maude also said there was the very real risk of major job losses from the strikes, that will see over two million public sector workers unite in a day of strikes over pension reforms.

The Treasury have made the £500 million estimate based on lower output in the public and private sector.

"If you lose a big chunk of output, it's hard to see how that doesn't translate into lost jobs," Mr Maude said.

However, the strikes are set to go ahead despite Mr Maude's warnings to the Unions that they will lose the existing pension offer that is currently on the table if they strike.

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