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Recruitment boss warns George Osborne

Steve Ingram, the chief executive of the U.K.'s second-largest recruitment company Michael Page, has today warned George Osborne that he needs to introduce economic stimulus programs side-by-side with his austerity measures. Despite the fact that the company reported impressive results which showed profits have increased even in the midst of the economic downturn, there are still growing concern regarding the fragile nature of the UK economic recovery.

When you consider that this particular company is at the coal face of the UK employment market then a call for more assistance should certainly be listened to. This is a company which has been very prominent in the UK employment market for some time and even though the company has reported impressive figures today we have seen something of a switch between full-time employee positions and part-time opportunities.

George Osborne is stuck in a very difficult situation because ultimately he knows he has to reduce the UK budget deficit while at the same time attempting to inject confidence into the UK economy. Quite how he will inject confidence in the short to medium term, set against potentially hundreds of thousands of job losses in the public sector, is something he will have to wrestle with for some time to come.

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