Tag: public sector

CIPD estimating thousands more UK job losses from spending cuts

CIPD estimating thousands more UK job losses from spending cuts

The Chartered Institute of Personnel and Development (CIPD) has said the private sector will be hit severely hard as a direct result of the Government’s spending cuts. Last month, Chancellor George Osborne unveiled his Comprehensive Spending Review – in what has been described as the most savage spending cuts since the Second World War. The […]

November 2, 2010 More
Osborne to unveil Comprehensive Spending Review today

Osborne to unveil Comprehensive Spending Review today

Chancellor George Osborne will today reveal the Comprehensive Spending Review. He is set to provide details of how he intends to slash spending by £83 billion by 2014 as he endeavours to bring down the spiralling budget deficit. The cuts have received mixed responses; many have been critical of them warning that slashing the deficit […]

October 20, 2010 More
Think tank: Double dip unlikely but tough times ahead

Think tank: Double dip unlikely but tough times ahead

Respected economic forecaster, the Ernst & Young Item Club, has today warned of a gloomy outlook for consumers but a double-dip recession is unlikely. The think tank said economic growth will be hampered due to massive spending cuts – introduced by the Government to tackle the budget deficit. The Ernst & Young Item Club is […]

October 18, 2010 More
PwC report warns of 1m job losses

PwC report warns of 1m job losses

A report by accountancy firm PricewaterhouseCoopers (PwC) today revealed around one million jobs could be lost in the UK, as a result of the massive spending cuts introduced by the Government. PwC said around half a million jobs will be lost in the private sector due to the impact on firms supplying the public sector. […]

October 13, 2010 More
Lord Hutton calls for changes to public sector pensions

Lord Hutton calls for changes to public sector pensions

An independent commission led by Lord Hutton (the former Labour Work and Pensions Secretary) has called for a change to final salary pensions for the public sector. The 174-page report comes after Chancellor George Osborne asked Lord Hutton to carry out an investigation into where savings can be achieved. Mr Osborne has previously said the […]

October 7, 2010 More
Report suggests weakening in UK jobs market

Report suggests weakening in UK jobs market

The latest report from the Recruitment and Employment Confederation (REC) and KPMG has suggested that the UK jobs market is continuing to weaken as Government spending cuts are having a major impact on employment. The permanent placement index dipped to 54.6 in September, down from 56.3 the previous month. Meanwhile, the temporary and contract staff […]

October 6, 2010 More
CBI backs Government shake-up of benefits system

CBI backs Government shake-up of benefits system

Employers’ group, the Confederation of British Industry (CBI), has today said it supports the coalition Government’s overhaul of the benefits system. It is also suggesting the Government consider ending final salary pensions for public sector workers. The coalition Government has introduced tough austerity measures and has said they are necessary to slash the budget deficit. […]

September 20, 2010 More
Job market growth slows in August

Job market growth slows in August

A report by the Recruitment and Employment Confederation (REC) and KPMG has raised fears over the strength of the UK job market. The survey of 400 recruitment consultancies showed job appointments grew at their slowest rate since October 2009 last month. Kevin Green, chief executive of the REC, comments: “We are concerned about the UK […]

September 8, 2010 More
Survey reveals household finances are squeezed

Survey reveals household finances are squeezed

A survey of 2,000 households, conducted by market researchers Markit and YouGov, has revealed confidence has been knocked and households are under pressure financially. The reason for the fall in confidence comes as households are fearful of losing their jobs as the coalition Government embarks on massive spending cuts and tax hikes. Approximately 600,000 public […]

August 23, 2010 More
Government borrowing falls in July

Government borrowing falls in July

The Office for National Statistics (ONS) has today revealed public sector borrowing totalled £3.8 billion in July. Not only was the figure was much less than the £5.25 billion expected by analysts, it is also well below the £6.1 billion borrowed in July 2009. The improved picture was attributed to exceptionally strong growth in receipts […]

August 19, 2010 More
Home Office staff awarded big bonuses

Home Office staff awarded big bonuses

It has emerged that big bonuses are to be awarded to Home Office staff despite the new coalition Government’s public spending cuts. Speaking before the Commons home affairs committee, Damien Green, Immigration Minister, said the payments to senior officials would total almost £800,000 this year, compared to last year’s bonuses which totalled £1.4 million. In […]

July 21, 2010 More
Survey reveals employment continues to grow in private sector

Survey reveals employment continues to grow in private sector

A report by the Recruitment and Employment Confederation (REC) and KPMG has revealed staff appointments in the private sector grew in June, albeit at the slowest rate for five months. The survey, which questions 400 recruitment firms, showed a strong rise in permanent staff placements, with engineering and construction growing. Commenting on the data, Rec’s […]

July 7, 2010 More
Graduates face uncertain future

Graduates face uncertain future

Proposed cuts to public spending could see Graduate unemployment surge to record levels, according to the Higher Education Careers Service (HECSU). The HECSU said Graduates will be badly affected by the cuts since so many of them are recruited in the public sector. The body said if a fifth of the 39,000 graduates joining the […]

July 2, 2010 More
Spanish public sector workers in strike amid spending cuts

Spanish public sector workers in strike amid spending cuts

Spanish public sector workers will go on strike today to protest against austerity measures, which include average cuts this year to public workers’ salaries of 5%. As well as a 5% cut for civil servants, there will be severe cuts in public investment and development aid. Today’s strikes, which have been set up by Spain’s […]

June 8, 2010 More
CBI urges public sector pay cuts

CBI urges public sector pay cuts

The Confederation of British Industry (CBI) has said that in order to control public finances, a two-year pay freeze should be imposed on most public sector workers’ pay. Selected public sector pay and recruitment freezes could save £18 billion in the next two years, the business group argued, and it highlighted that pay freezes were […]

May 19, 2010 More
CBI calls for public sector pensions shake-up

CBI calls for public sector pensions shake-up

Business group, the Confederation of British Industry (CBI), is calling for an overhaul of public sector pensions as concerns over the affordability of pensions for workers in the state sector, including nurses, teachers and the police, is growing. The CBI is urging the next Government to establish an independent commission within weeks of being elected […]

April 6, 2010 More
CIPD expects unemployment to rise

CIPD expects unemployment to rise

February 15, 2010 More
Greek unions prepare for 24-hour strike amid austerity measures

Greek unions prepare for 24-hour strike amid austerity measures

Greek unions have today vowed to strike on Wednesday to protest against the Government’s austerity measures. Last week, Greek Prime Minister, George Papandreou, announced tough austerity measures to tackle the country’s spiralling debt. Measures include a public sector pay freeze, a hike in taxes and an increase to the retirement age. Spyros Papaspyros, president of […]

February 8, 2010 More
TUC warns of double-dip recession and 4m unemployed

TUC warns of double-dip recession and 4m unemployed

According to the TUC’s general secretary, Brendan Barber, Britain could be faced with a “double-quick, double-dip” recession if future Governments try to cut public sector jobs. The TUC leader described the outlook as “very precarious” and cuts in public spending could result in over four million people unemployed. Official figures show that unemployment increased by […]

September 13, 2009 More
CIPD survey shows improved optimism among private firms

CIPD survey shows improved optimism among private firms

The Chartered Institute of Personnel and Development (CIPD) said there are signs of improved optimism among private firms with the pace of job losses slowing. However, it is a different story within the public sector with growing pessimism among firms. A survey conducted by the organisation, from 923 of its members, found that the number […]

August 10, 2009 More