‘There will still be debt fears’ despite private sector job increases

A small increase in private sector jobs will do little to amend the debt fear that will arise from public sector job cuts, it has been claimed.

Martin Warnes, director of reed.co.uk, was speaking in response to the Guardian’s revelations that the June Budget is expected to result in 100,000 to 120,000 individuals in the public sector losing their employment each year for the next half-decade.

The industry expert noted: “This gentle increase in private sector demand for new workers is not anything enough to compensate for [the] proposed public sector job losses.”

He added such an employment freeze will have a big impact across the country, as the public sector is responsible for all the jobs in the UK.

The Chartered Institute of Personnel and Development’s Resourcing and Talent Planning Survey recently discovered recruitment is currently experiencing a slight dry spell as employers attempt to balance their books.

By Joe Shervin