“Axe Wednesday” as it is now known, has caused further divide between the Labour Party and the coalition government led by David Cameron and Nick Clegg.

490,000 public sector workers will lose their jobs over the next four years, whilst the retirement age is now set to increase to 66.

Business leaders across the South-West of England and the UK are said to have reacted with caution to the Government trying to control spending in order to get interest rates to an all time low.

It has been said that if the economy continues to grow, then it should absorb these losses. No one knows the timescales and this will therefore mean continued uncertainty, particularly for people in the South-West of the country who continue to battle with job uncertainty.

One of the sectors that will be clearly impacted is the Ministry of Defence, which could absorb up to 32,000 job losses. Bristol and the South-West are major centres for the MoD, with multiple sites based in the region.

As critical as the position now stands in terms of further pending cuts to the public sector, the ultimate question is will the private sector be able to bridge the gap for these losses?

With the unexpected win over his brother David, the recent appointment of Ed Miliband to head up the Labour Party has come as a positive move for the Recruitment & Employment Federation

The REC’s key priority is to raise awareness of the positive contribution that the recruitment industry makes on the economy. Whilst many Labour MP’s posed that infrastructure spending must and should be maintained or increased as the market continues to strengthen, Ed Miliband has therefore been urged to reconnect with businesses locally and nationally.

Economic recovery will further depend on improving the confidence within businesses and that will without doubt mean hiring new people into their organisations.

Ed Miliband in his opening hour long speech to his party, posed himself as the “Optimist”, something surely businesses will welcome, versus David Cameron has been criticised for presenting a pessimistic view of where our economy currently stands.

But is the overly zealous “Red Ed” setting himself up for a fall when many areas of the UK are still very much in the recession. His utopian view for a fair society, a fair wage and a better work-life balance will surely come under further scrutiny and criticism when there is still so much work to be done on recovering and strengthening the economy.

With the unexpected win over his brother David, the recent appointment of Ed Miliband to head up the Labour Party has come as a positive move for the Recruitment and Employment Confederation (REC).

The REC’s key priority is to raise awareness of the positive contribution the recruitment industry makes to the economy. Whilst many Labour MPs posed that infrastructure spending must and should be maintained or increased as the market continues to strengthen, Ed Miliband has been urged to reconnect with businesses locally and nationally.

Economic recovery will further depend on improving the confidence within businesses and that will without doubt mean hiring new people into their organisations. Ed Miliband in his opening hour long speech to his party, posed himself as the “Optimist”, something surely businesses will welcome, versus David Cameron who has been criticised for presenting a pessimistic view of where our economy currently stands.

But is the over zealous “Red Ed” setting himself up for a fall when many areas of the UK are still very much in the recession? His utopian view for a fair society, a fair wage and a better work-life balance will surely come under further scrutiny and criticism when there is still so much work to be done on recovering and strengthening the economy.