There is a fear that some of the Emergency Budget’s bolder measures could cause valued IT professionals to consider their options.
(PRWeb UK) June 25, 2010
Several of the measures contained in the Emergency Budget could prompt key IT personnel to leave the public sector in search of better opportunities elsewhere, specialist IT recruitment agency IntaPeople has warned.
George Osborne’s first Budget included a pay freeze for public sector workers earning above £21,000, as well as a pledge to crackdown on overgenerous public pensions. Government departments will also face an average 25% cut in their budgets.
Stephen Riley, Director at recruitment agency IntaPeople, commented:
“Most people understand that the Government is facing an enormous challenge in reducing the UK’s huge public spending deficit. There is a fear, however, that some of the Emergency Budget’s bolder measures could cause valued IT professionals to consider their options.
“Some will certainly feel that there is a case for the Government to assess their circumstances on an individual basis, as opposed to a blanket ruling on pay and pensions.
“Since the start of 2010, we have seen a growing demand for high-calibre IT professionals in the private sector, and this could prove very tempting to public sector workers looking for a more stable environment.”
Other Budget measures included raising VAT to 20%, increasing Capital Gains Tax to 28% for higher rate taxpayers, and boosting the personal income tax allowance by £1,000.