Public sector squeeze may benefit finance professionals

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Andrew Clark explains why a squeeze on public spending could be a mixed blessing for finance jobs.

Whether it’s Gordon or David who secures victory in the next election, one thing is certain and that’s a squeeze on public spending. According to research by the Institute of Fiscal Studies, the UK will face the tightest squeeze on public spending since the 1970s.

The effects on financial recruitment are difficult to predict. Will there be an increase in temporary positions as the public sector finds it increasingly difficult to get sign off for permanent headcount? Or will there be a flurry of recruitment activity on a temp to perm basis between now and the election on the assumption that the axe may fall swiftly on agency workers? How will the public sector balance saving...

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