- Dec. 15, 2011 -
Local councils have borne the brunt of UK jobs cuts over the past year, according to a report by PricewaterhouseCoopers (PwC). The accountancy firm's study was issued to mark the one year anniversary of the government's Spending Review. PwC says that 240,000 fewer people worked in the public sector in the second quarter of 2011 compared with the same period the previous year. It says that the local government suffered the most, with about 145,000 job losses. A source from JNR Enterprise has commented on these results, saying, “It’s a tough path now, but it leads to a better future”
"The public sector job losses have come much faster than anticipated,"
said Paul Cleal, head of public sector at PwC. "The challenge now for the government is... how to do different things and mitigate the impact of further cuts in spending on services." A source from JNR Enterprise has said, “Mitigating the cuts is essential – The UK’s economy is in turmoil as it, something needs to change.” The study says English local authorities have seen "particularly large losses", but that there have been "relatively small" public sector cuts in Northern Ireland and Wales so far. It says Scotland is in line with the UK average.
Last October the Office for Budgetary Responsibility said up to 500,000 public sector jobs could go by 2014-15. Managing Director of JNR Enterprise, a young, exciting, goal driven and determined Marketing company based in Cardiff has described these figures as “shocking”
saying, “It is shocking to say the least, things are bad, but I certainly didn’t think that bad, 500,000 is quite a large loss which will greatly take its toll on the economy”
PwC's chief economist, John Hawksworth, said the speed of the public sector job cuts may have contributed to the UK's slower-than-
expected economic growth. "On the other hand, the government's tough fiscal stance has helped to keep the UK cost of borrowing very low and has left room for the Bank of England to announce £75bn of additional quantitative easing to help support the economy," Mr Hawksworth said.
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Junior Enterprise Ltd was established in late August 2010. Junior Enterprise Ltd is a fast growing sales and marketing firm located in Cardiff.