Thousands of public sector workers facing redundancy will not be absorbed by the private sector, the chief executive of Britain's biggest hiring agency has warned. With the government expected to slash 750,000 public sector jobs by 2015, Alistair Cox, chief executive of Hays, said: "It's impossible to imagine the private sector is going to have the confidence to create enough jobs to absorb these people; and the private sector is the only place these people can go." Mr Cox called for employers' National Insurance to be abolished in an emergency measure that would make it easier for companies to hire staff.
FT
Read this article in full here.