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Survey Reveals Growing Fear Over Jobs & Finances As Cutbacks Bite

Survey Reveals Growing Fear Over Jobs & Finances As Cutbacks Bite

National survey of 2,000 people finds growing concerns over job security, finances and the economy as Government Cutbacks start to bite.

84% are worried about Government cutbacks

69% dont think the Government is telling the truth about the extent of the cuts planned

56% are worried the cutbacks will affect their job security

77% expect to be up to 300 per month worse off due to the cutbacks

50% think the cutbacks will damage the economy

As local authorities start axing thousands of staff, UK unemployment reaches 2.5m, and inflation rises to 3.7%, a new survey of 2,000 people shows growing anxiety over the Government cutbacks.

The survey, for money saving website DiscountVouchers.co.uk, questioned people across the UK and found that 84% are worried about the planned cuts, while 69% dont believe the Government is telling the truth about the extent of the cuts being planned.

Simon Terry, director of DiscountVouchers.co.uk, says: There is real concern about the scale of the cuts being made. We are already seeing county councils slashing their numbers by thousands, and the knock on effect of this, together with rising inflation, is creating a lot of fear and insecurity about what the future holds in terms of finances and employment.

The survey found that 77% expect to be up to 300 per month worse off due to the cutbacks being implemented, with 11% saying they will be up to 1000 per month worse off just 10% said they didnt expect the cuts to impact on their financial situation.

56% of respondents said they are worried that the cutbacks will affect their own job security, while 63% said that they, or someone they know, work in the public sector and are concerned about their on-going employment.

This concern over jobs and finances is resulting in many people putting major purchases and life changing events on hold. 40% are putting off home improvements 38% are holding off buying expensive items such as a new car or holiday 22% have chosen not to move house 17% have decided not to change jobs 7% have put off having a baby and 7% have put wedding plans on hold.

Its the uncertainty of the cuts and the impact theyre going to have that is creating real concern among so many people, adds Simon. Many people we spoke to expect the cuts to run a lot further and deeper than the Government is claiming, and as a result theyre preparing themselves for tough times ahead."

When asked which areas they would be happy to see cutbacks made in, 68% said the benefits system 41% said in local councils 21% the armed forces 14% public services such as waste collection 10% the NHS 9% education and 8% policing. Other areas where respondents said they would like to see cutbacks made include MPs salaries and expenses, quangos and banker bonuses.

50% of those questioned said they think the Government cuts will damage the UK economy, however 46% of respondents said they thought the cutbacks being made are necessary for the economy, while 37% believe they arent vital for the country.

DiscountVouchers.co.uk is one of the UKs leading money saving websites, offering hundreds of discounts and exclusive offers from brands such as Tesco, Marks & Spencer, Sainsburys, Travelodge, First Choice, Lastminute.com and Boden - visit www.discountvouchers.co.uk

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