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Redundancy fears sweep the UK employment sector

A number of redundancy advisory businesses have announced a major increase in enquiries from the UK public as more and more people face the threat of job losses in the short to medium term. While there are a number of plans open to those who lose their jobs or have their income severely reduced, this is the first time we have seen a substantial increase in enquiries for a number of years.

The UK government's housing rescue plan which was announced today should assist a number of those who lose their jobs in the short to medium term and there are also a number of specific options open to them with regards to assistance from social services. However, with the UK budget already very tight, UK debt increasing and more and more pressure on social service payments there will need to be some savings in the public sector in due course.

The double whammy of a reduction in income receipts for the government and increased social services payments will put further short-term pressure on the public purse. There is no doubt that UK taxes will need to be increased in the medium to longer term but as yet the government are keeping their plans under wraps.

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