I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Friday, 12 December 2008

More than 22,000 people are chasing 500 "high flyer" jobs in Whitehall

More than 22,000 people are chasing 500 "high flyer" jobs in Whitehall as the credit crunch leads bright young graduates to spurn business for a job in government.

Sir Gus O'Donnell, the cabinet secretary, will tell MPs today that there has been a 33% rise in the number of people wanting to join the fast stream of the civil service.

These are the people who take jobs in ministers' private offices and are trained to be the next generation of senior civil servants who will formulate policy and run big government agencies.

The competition for top jobs in Whitehall has increased dramatically because of job insecurity in private business, Sir Gus will tell the Commons public administration committee. He will say that the civil service is now attracting applications from young redundant bankers following the collapse of Lehman Brothers and staff cuts at other City firms.

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