FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK jobs market improves but is it over the worst?

A report for the Recruitment and Employment Confederation and KPMG has revealed a sixth consecutive month during which permanent employment placements have increased in the UK. Recruitment companies which participated in the report have also confirmed an increase in temporary placements which would appear to indicate that the UK employment market is over the worst. But is this really the case?

Unfortunately, many experts believe that the impending public-sector investment cuts will see significant job cuts in this area and lead to an increase in unemployment in the short to medium term. Despite the fact that various political parties are "playing their cards close to their chests" there is no doubt that job cuts in the public sector are imminent and a necessity. Where and when these job cuts will be announced remains to be seen but many believe we will see more details emerging just after the election.

Those who follow the UK employment market will be well aware that the public sector has become more and more prominent in this particular field. Gordon Brown has overseen a massive increase in the number of people employed by the state which has increased the burden on UK taxpayers in areas such as public sector pension entitlements. However, it looks as though downsizing is on the way.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue