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Jesse Young CEO of Per DM Believes: "This Week's Announcement of Government Spending Cuts Will Not Only Hit the Public Sector Hard But the Private Business Sector too."

LONDON, UNITED KINGDOM--(Marketwire - 10/18/10) - "Wherever the axe falls this week ALL sectors of the United Kingdom will be severely affected" said Jesse Young of Per DM. "It is difficult to see any short term benefits and certainly the private business sector will be expected to fill the void."With the Government set to make its announcement on how and where the cuts will fall it is clear that there will not be one sector of our economy which will escape.In Defence for example, the cuts will hit the armed forces with the Army, Navy and RAF cutting numbers, closing bases and a significant reduction in procurement. Our Defence industry will be severely affected and we are likely to see more job losses as a result.The young will be disadvantaged through University funding being reduced and the lifting of the ceiling on tuition fees. It would appear that the "Train to Gain" scheme will be axed completely. This programme to improve employee skills had proven to be a very good bridge for those trying to change career direction or even get onto the working ladder."With the private business sector under even greater pressure through increased competition and the economic slowdown it would be difficult to see any great appetite for an increase in training and apprenticeships." believes the CEO of Per DM.The Arts Council foresees as many as 100 of the organisations funded by them losing all of their grant. However they will give those organisations until April 2012 to find alternative funding. Funding which in all likelihood could only be found in the private sector.Transport will see a dramatic scale back in infrastructure investment and at the same time as much as a 10% increase in rail fares. There is a possibility that the bus service operators' grant will be cut altogether meaning at least a 6.5% fares rise. "With public transport travel costs the highest in Europe this will bring more pressure on business when it comes to wage negotiations and recruiting new staff" said Jesse Young CEO of the Per DM Group.In fact it is hard to see where business will NOT be affected this week. While most agree that we have to trim our cloth the latest opinion polls believe that the low income and the middle income groups will bear the brunt of these cuts. If that is the case the private business sector will be under increased pressure to fill the void created by the cuts."With our economy facing a very difficult period" Jesse Young believes that "the coalition has not considered both sides of the economic coin."PerDM Contact Marketing Limited was established in August 2005 in response to the UK markets' need for a field sales organisation capable of delivering high quality results with consistency and reliability.The company was formed by a group of former UK financial services executives and senior executives from the leading North American field sales agency and since 2005 we have continually recruited leading figures from the B2C and B2B business arena.