Thursday, October 27, 2011

'Growth plan should include temporary halt to public sector job cuts,' CIPD

With the UK government unlikely to change course on public sector cuts and the UK private sector struggling to create jobs along with the Welsh Government's reluctance to at least try and re-balance the Welsh economy and continually blaming the Tories for everything, the Chartered Institute of Personnel Development’s call earlier this month for a temporary freeze to public sector job cuts as part of a growth package will go unheeded despite the need for alternative economic ideas and the fact it could ease the pressure on employees worried about their jobs and job seekers in a tough jobs market.

Dr John Philpott, Chief Economic Adviser at the Chartered Institute of Personnel and Development (CIPD)said 'With the economy and labour market in such a fragile condition, it is worrying that public sector job losses are turning out to be much greater than ministers have previously been suggesting. Public sector job cuts in this context are a false economy, adding to unemployment and in turn hindering rather than helping the task of fiscal deficit reduction. A more sensible course would be to delay public sector job cuts to the end of this Parliament and if necessary into the next, thereby enabling them to be absorbed more easily without nasty macroeconomic side-effects. The Government’s plan for growth must rightly contain measures to stimulate private sector job creation but the Chancellor should also avoid the own goal of cutting public sector jobs at a time of high and rising unemployment.'Any source

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