British growth ‘reliant’ on firms hiring enough staff to absorb public job cuts

BRITISH companies will hire enough workers to absorb the loss of about 310,000 jobs in the public sector, according to the Confederation of British Industry.

“Even though CBI forecasts show private-sector employment growth will be sluggish in 2011, it should still be enough to offset public-sector job losses,” the London-based business lobby said in a report published in London.

“Once healthier economic conditions are restored, past experience suggests there should be plenty of new job opportunities.”