More than three million workers across the country are not confident that they will still be in their jobs this time next year, it has been revealed. Indeed people employed in Wales are the least confident about future job security, research conducted by YouGov for the TUC found, with some 20 per cent of employees there admitting to not being very confident that their current employer would be able to keep them on for at least one more year.

And after the Welsh, Scottish people were found to be the least confident over their job security, with some 17 per cent saying they were not confident they would keep their jobs. However, workers in the east of England were more optimistic, with seven per cent of people in this region saying they were not confident they would be in a job in a year’s time.

People looking to keep on top of their monetary worries in such periods of concern may wish to consider the benefits a loan can bring. If consumers have a number of different debts, opting to choose a debt consolidation loan may help to bring together all monthly outgoings – something that could prove to be beneficial to consumers that are fearful that their income could be affected in the near future.

The research found that workers in medium-sized businesses were the least confident about their future prospects, with some 18 per cent of staff in firms with between 50 and 249 workers saying they were not confident about being in their jobs in a year, even if they wanted to be there. As well as this, people with lower paid jobs were more fearful over their job security. Indeed the TUC notes that people who earn between 10,000 pounds and 15,000 pounds are some of the least confident in terms of job security.

“These poll findings show just how many people are getting worried about losing their job in the current economic slowdown. Of course this does not mean that unemployment will rise by anything like three million, but it does show just how jittery people have become about the economy and their own job. The economy will inevitably slow this year and next, given the credit crunch and the impact of higher oil, food and commodity prices. But there is a real danger that if everyone thinks that the downturn will be deeper than it needs to be it will become a self-fulfilling prophecy.”

He added that the findings help to increase pressure on policymakers and government to help encourage growth in the country through a restoration of confidence and an increase of investment.

Earlier this month, the TUC came out in favour of new legislation that will allow restaurant workers to keep their own tips, closing a loophole in the law that has allowed employers to use tips to make up wages.

In related news, recent figures from the Office of National Statistics have revealed that inflation now stands at its highest level for some 11 years. The consumer price index rose to 4.4 per cent in July, up from 3.3 per cent in May, the organisation revealed, noting that foods costs and the increasing price of oil have been two of the main factors behind the increase.

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