Public sector cuts threaten private sector business
“The impact of the public sector cuts on private sector jobs remains a concern. A total of 20% of private sector employers now say they will have either a quite serious or serious impact on them.” – Recruitment and Employment Confederation Jobs Outlook survey, 23 August 2011
The impact is twofold:
- loss of trading opportunities in the public sector; and
- loss of consumer demand as public sector workers are displaced, or fear that they will be displaced.
No surprise then that employers organisations (such as REC) are belatedly starting to worry about Government policy.