Could UK Public Sector Cuts Result in More Online Business to emerge?
UK citizens are well aware of the coming cuts to the public sector that will inevitably result in extensive strikes and union conferences. Many of Britain’s largest unions have gone on record saying that while no clear-cut mandates will be made prior to the upcoming elections, they see some form of action and public display of concern in the future.
The Public and Commercial Services Union (PCS) and the National Union of Teachers are a few of the groups that are preparing to take action immediately subsequent to the election. On a universal level, trade unions feel that the UK public sector is critical in employment issues in struggling communities. Leading economists feel that this large contingency is quickly falling into recession.
Economists and citizens alike are aware of the fact that a privatised care system only results in undertrained workers who end up giving out unacceptable care to exactly the citizens that need it most. With the current setup, private companies continue to work without the resources that they need, resulting in less than adequate service where only the private owners benefit. Unions believe that maintaining the bonus tax as well as bank levies should be areas of focus before targeting the already stressed public sector.
With all of these changes set to adversely affect the public sector, a common question has been whether or not this will spur more online businesses to emerge. Traditionally, recessionary patterns foster growth in less conventional arenas while showing increases in debt consolidation, debt management and debt solutions services.
With debt consolidation, all your If bits are combined into a smaller amount. This can reduce the amount of interest that you need to know which is one of the reasons that debt spirals out of control in the first place. This type of debt management can be useful for those who owe interest that exceeds the percent on some of their credit cards. Debt management Companies work with you and your lenders to negotiate the total amount of debt that you know. This can be done even when there are collections that are owed.
The online marketplace would be a clear niche that is primed for growth at a time when many people will be unemployed. No one can dispute the surprising growth of online retailers and service companies within the past 10 years. Perhaps large public-sector cuts will grow this area of the economy even more because of the reduced expenses and ease of startup that online business provides.
