Bonanza for jobs, but only in public sector
Tens of thousands of civil servants are being recruited despite the economic crisis and the poor state of public finances, research showed. Independent specialists published forecasts showing that an extra 50,000 public officials will have been recruited in the six months to the end of the year. The Centre for Economic and Business Research (CEBR) forecast that over the same period 300,000 private sector workers will have lost their jobs. Some of the largest companies, including Rolls-Royce, AstraZeneca and BAE Systems, have announced 24,000 redundancies in the past week. The public sector recruitment boom contrasts with claims from ministers that they are improving Whitehall efficiency. Figures showed government borrowing still rising, with Alistair Darling, the Chancellor, expected to announce that it could reach £68 billion this year. The Treasury had to borrow money in October – usually a strong month for collecting taxes – for the first time since 1994. Doug McWilliams, the CEBR chief executive, said: "There is an issue of how the pain should be shared out. What is clear is that the public sector is insulated from the pain and is getting special privileges. "The Government should focus more on tax cuts to stimulate demand rather than on an expansion in the public sector. They have got to stimulate the economy." snip http://www.telegraph.co.uk/finance/jobs/3492912/Bonanza-for-jobs-but-only-in-public-sector.html
Tens of thousands of civil servants are being recruited despite the economic crisis and the poor state of public finances, research showed. Independent specialists published forecasts showing that an extra 50,000 public officials will have been recruited in the six months to the end of the year. The Centre for Economic and Business Research (CEBR) forecast that over the same period 300,000 private sector workers will have lost their jobs. Some of the largest companies, including Rolls-Royce, AstraZeneca and BAE Systems, have announced 24,000 redundancies in the past week. The public sector recruitment boom contrasts with claims from ministers that they are improving Whitehall efficiency. Figures showed government borrowing still rising, with Alistair Darling, the Chancellor, expected to announce that it could reach £68 billion this year. The Treasury had to borrow money in October – usually a strong month for collecting taxes – for the first time since 1994. Doug McWilliams, the CEBR chief executive, said: "There is an issue of how the pain should be shared out. What is clear is that the public sector is insulated from the pain and is getting special privileges. "The Government should focus more on tax cuts to stimulate demand rather than on an expansion in the public sector. They have got to stimulate the economy." snip http://www.telegraph.co.uk/finance/jobs/3492912/Bonanza-for-jobs-but-only-in-public-sector.html