A survey recently conducted by the Confederation of British Industry (CBI) and PricewaterhouseCoopers has painted a gloomy picture of the future for the UK's financial services sector.
In a statement released to accompany the publication of its quarterly survey on Monday, the CBI explained that although employment levels in the industry had not fallen as steeply as feared in the fourth quarter of 2002: 'the employment situation is expected to deteriorate more sharply over the next three months'.
'The worst is not yet over, PwC partner, John Hitchins told the Financial Times this week, explaining that:
'A lot of companies over the last year have been hanging in there, pruning and then pruning further non-essential staff. The danger is that if conditions don't pick up they may decide to cut whole business units.'
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment