Thinking of starting your own business? The outlook might be brighter than you think.

I have some sympathy for the protesters camped out at St Paul’s.  Billions of pounds have been poured into our defective banking system, yet bankers continue to enjoy high salaries and large bonuses. 

Small and medium-sized businesses will be the engine of Britain’s long-delayed economic recovery. With the public sector hammered by cuts, and the banking and finance sector in retreat, we need to give more support to UK’s small businesses.

The Government needs to get realistic on pay for competent regulation of the banking and financial services sectors

Sensible regulation of the financial sector has got to be a good thing.  No one wants a repeat of the 2008 crash.

It is clear that the new government is going to make significant cuts to the public sector and do what Gordon Brown did not have the inclination or the courage to do. The job pages, which over the past year have been kept full by pubic sector appointments, will now be looking a bit thinner. At CareerBalance we are already offering consultations to public sector employees whose jobs are at risk. There will also be downward pressures on public sector pay, which has risen very strongly for some roles at both local and central government level. The previous option of moving to another government department may no longer be there for many. Individuals who have spent their entire careers in the public sector will have to look at new careers in the private sector. We are also seeing a spill-over into organisations in the charitable/ not-for-profit sectors which are dependent on government funding. Some public sector employees may need to radically rethink their career plans, and possibly re-train for new occupations and industries. Those who can adapt to this new career landscape and have an eye out for where new opportunities will be created will succeed in landing new roles.