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Potential cuts in public and private sectors could be offset by the need for organisations to skill up to comply with regulations, reckons Adam Sztuka, managing director at Clarity Resourcing. “Today's budget are unlikely to have a major impact on many IT and business projects, because those organisations still face regulatory compliance”.
If anything, forced cuts may result in fewer permanent positions and a greater demand for contractors to plug the resource gap. There's already a Europe-wide mismatch for the supply and demand of these skills. Many financial service organisations have already turned to specialist contractors in order to meet the various regulatory deadlines such as those for Solvency II, and that looks set to continue for quite some time."
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