A frightening proposition put forth by the Chartered Institute of Personnel and Development (CIPD) suggests that 10% of UK public sector’s workforce could see their vocations in jeopardy.
Statistically speaking, this would add up to more than 500,000 job losses in the UK public sector in the short to medium term. The economization stems from the theory that it is imperative for any new government to cut down on the public sector costs to ring in major tax savings.
The estimated 10% downsizing is nowhere close to the electoral manifestos made public by the political parties. This truth has opened up debates about the validity of the claims made by political parties. Also, it brings to light their seeming ignorance about the country’s financial condition. The Conservative party has, however, already issued proposals to cut down on the public sector workforce, bring down costs and restrain the influence and size of public sector by large.
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