Public Sector Jobcuts and Strikes To Come?

Public Sector Jobcuts and Strikes To Come?

The Chartered Institute of Personnel and Development (CIPD) has suggested that amid cut backs in public spending in the coming years, there could be as many as 350,000 jobs lost.

The Institute suggests that the threat of such action will bring industrial action as unions fight to preserve jobs.

We suggest this is a carbon copy of Labour in the 1970’s and the Conservatives in the 1980’s.  In the 1970’s we had an oil crisis, the UK going to the International Monetary Fund (IMF) for help, power cuts, a three day week and the “winter of discontent”.  Can you see any similarities?

Margaret Thatcher was then swept into power in 1979 and was left basically with a huge public debt problem that was resolved with unpopular, but huge, cutbacks in state owned businesses such as mining, steel and railways.  Remember Arthur Scargill? Much was cut back and sold off in the eighties to the private sector.  

Towards the late eighties we then were also hit with high inflation and very high interest rates.  Remember 16%pa rate mortgages? We suggest this will happen again as this government has literally printed money to get of recession and to save banks.  For Margaret Thatcher, we suggest replace with “David Cameron” and you have the next 10 years in the UK.  

Public sector jobs will be under intense pressure over the next 5-10 years to deliver value and not be so wasteful and unproductive.  Cut backs and industrial action will follow as will higher interest rates.  People are claiming the end of the recession, we suggest this is a false end and you should 'tighten you belt' further.

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