The Coalition Government is hitting many targets other than their cherished mythical ‘fat cat public sector workers: http://www.guardian.co.uk/business/2010/aug/23/profit-warnings-public-sector-cuts
Reports in yesterday’s Guardian and Daily Telegraph reveal that cuts in the public sector are already costing jobs and businesses in the private sector. 168 businesses have gone bust this year already over reductions in demands for their services as suppliers to the public sector:
It is also clear that that the survivors of this unheralded side of cuts are more likely to be the bigger usually global companies – making a mockery of the philosophy of the role of private business diversification and the use of local suppliers. Smaller firms are more likely to go bust. The giants are more likely to survive even with some contract losses.
The TUC highlights these developments on its very informative blog Touchstone:
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