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Best Time to set up SME as 20 People Compete For Each Job Vacancy in London

Lima Curtis's picture

THERE has never been a better time to set up your own business as more than 20 people chase one job in some parts of the UK.

New analysis by UNISON, the UK’s largest union, shows that on average there are almost four people chasing every vacant job in England, Scotland and Wales, but in Hackney in London, this rises to more than 20.

Some areas are much harder hit than others and in 113 local authorities there are five or more jobseekers for every job vacancy. In 26 of those 113 local authorities there are more than ten jobseekers chasing each vacancy.

London is one of the worst hit regions. In nearly a third of London’s 32 boroughs, there are more than 10 unemployed people pursuing every job.

A spokesperson for Expert Market said: “As competition for jobs hits these high levels, it has never been more appealing to go alone and set up your own business. There is plenty of help out there such as start-up grants and advice websites and panels.

“It may seem like a recession is all doom and gloom, but during these times you see record number of people breaking out and deciding to become their own boss.”

More than 500,000 public sector jobs have gone since the coalition came to power, and experts predict that the toll could reach 1.2 million by 2016/17.

Dave Prentis, UNISON General Secretary, said that there were not enough jobs to go around was worrying.

He said: “The government does have a choice. Use the budget to outline a bold strategy for jobs and growth. Make people feel secure in their jobs and they are more likely to spend. Give public sector workers a decent pay rise and more money will flow through tills in local shops and businesses, helping our beleaguered high streets.”

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