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Employees 'not convinced jobs are safe'
05/08/2008
Employees are uncertain about the future of their jobs and believe they are not as safe as they were this time last year, a survey has found. A survey conducted by leading bank Lloyds TSB found that of 2,000 UK adults polled, over a quarter felt their jobs were less secure than a year ago.
Other pessimistic predictions featured in the poll include rising interest rates, food and fuel prices.
Chief economist at Lloyds TSB Corporate Markets Trevor Williams said: "The combination of falling employment confidence and rising inflation expectations is a lethal cocktail for consumer spending."
He added that a mixture of job insecurity and rising resource prices will mean a reduction in people's amount of spending.
Ways to attain greater job security include making yourself visible, taking on extra duties and updating your skills, employment website Latpro.com advises.
