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16,500 Finance Jobs To Go In Public Sector Cuts

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The sharp knife cuts

Public sector accountants and finance staff will be hit hard by this year’s public spending cuts, according to research by international finance and accounting recruiter Ambition.

The company predicts that 16,500 of around 140,000 permanent finance employees will lose their jobs, with many unable to find jobs in the private sector.

The company’s predication is based on its research that 2.3% of public sector workers are accountants and finance, and the government’s plans to cut public spending by £6.2bn this year.

Tim Gilbert, UK managing director of Ambition, said the prospects for those who lose their jobs is bleak. “Banks and City institutions don’t want candidates with public sector backgrounds. They think they lack the cut and thrust attitude demanded by many of today’s businesses. Whether this perception is true or not, it’s an unfortunate reality.

“There will be candidates who have the commercial acumen and hunger to break into the private sector, and these individuals will be snapped up. But there shouldn’t be an expectation from the public that the nascent recovery in private businesses will accommodate the public sector fall-out.”

Oh well. More estate agents on the way then.

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You know, the best thing for EA's & frankly everyone is if they join our fight!

High house prices are all very nice, but if your selling bugger all then its not much good.

Mike

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Too many accountants full stop.

I'm trying my hardest to put as many out of work as I can.

I have two guns each with 100 knotches on them.

You need to be sure your figures are straight ;)

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Too many accountants full stop.

I'm trying my hardest to put as many out of work as I can.

I have two guns each with 100 knotches on them.

You need to be sure your figures are straight ;)

I think you should nuke KPMG from orbit, its the only way to be sure

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The sharp knife cuts

Oh well. More estate agents on the way then.

I am putting on garlic necklace then.

Fact is, there were 600,000 public sector jobs 'created' under 13 yrs of Labour. It is hard to imagine what quite such a number of new people in public service are doing. I am sure more Dr's and so forth is one thing, but we all know that far too much of it has turned up in jobs which you cannot describe without at least a 25 line advert, which leaves you wondering what they actually do.

I am sorry for anyone fearing for their job who is not used to it. We will all be disturbed by the changes coming. But I have worked in the public sector for a few years and also the private sector. Frankly the public sector is usually very inefficient and too much a can't do demarkation zone. Too many people talking about their rights and not enough about their responsibilities.

EA's will fear the new google way to sell for private sellers. It might catch on this time!

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Tim Gilbert, UK managing director of Ambition, said the prospects for those who lose their jobs is bleak. “Banks and City institutions don’t want candidates with public sector backgrounds. They think they lack the cut and thrust attitude demanded by many of today’s businesses. Whether this perception is true or not, it’s an unfortunate reality.

“There will be candidates who have the commercial acumen and hunger to break into the private sector, and these individuals will be snapped up. But there shouldn’t be an expectation from the public that the nascent recovery in private businesses will accommodate the public sector fall-out.”

Got to love the private sector arrogance.

Believe me the public sector clients I deal with are hundreds of times better at actually flipping paying their bills on time without a million queries or ridiculous attempts to shirk on payment / go bust and open up a few days later with creditors unpaid. If that is "cut and thrust" then give me the lazy public sector worker any day....

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Tim Gilbert, UK managing director of Ambition, said the prospects for those who lose their jobs is bleak. “Banks and City institutions don’t want candidates with public sector backgrounds. They think they lack the cut and thrust attitude demanded by many of today’s businesses. Whether this perception is true or not, it’s an unfortunate reality.

“There will be candidates who have the commercial acumen and hunger to break into the private sector, and these individuals will be snapped up. But there shouldn’t be an expectation from the public that the nascent recovery in private businesses will accommodate the public sector fall-out.”

Got to love the private sector arrogance.

Believe me the public sector clients I deal with are hundreds of times better at actually flipping paying their bills on time without a million queries or ridiculous attempts to shirk on payment / go bust and open up a few days later with creditors unpaid. If that is "cut and thrust" then give me the lazy public sector worker any day....

Yeah - it's easy to pay bills with someone elses credit card. A great ruler to measure optimums against.

Edited by Alan B'Stard MP

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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