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Economic Growth and its effect on the Security Industry

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It’s been widely reported that the economy is finally beginning to get a move on and firms are beginning to spend. Ian Greenaway, Chairman of the Derbyshire and Nottinghamshire Chamber of Commerce says “These latest results reflect the mood of guarded optimism that chamber members have been reporting as the economy continues to recover at a slow but steady pace”.

In the Nottingham Post, it is reported that “Notts Police are on target to meet their savings target during the next two years”. This is despite a reduction in funding, with numbers of Police Officers being cut by 7%. The Police numbers will, however, be augmented by an increase of PCSO’s by up to 40%, a move which is not seen as wholly positive by some members of the public and many of the Force themselves.

So, on one hand we’re being told that things are improving and that there may well be a little more money in the local economy and on the other we are being told that the Police are holding their own, despite having to cut back on response. Will this trend be able to continue with reduced Police numbers and responses?

There was a trend at the start of the recession for businesses to use technology instead of Security Guards. If there were any problems the Police would respond quickly and promptly and it was a lot cheaper than using a security guard based on the premises. With greater prosperity on the horizon, should we look to reconsider this approach?

More prosperity means businesses are becoming more desirable as targets. Police numbers being reduced means that response may also be reduced or even removed, with the “three strikes and you’re out” policy likely to be severely diminished. CCTV aided by motion sensors and vocal warnings only work until the criminal realises that there is actually no-one on site and that they’ve got an easy 5 – 10 minutes to get on and off site, before anyone is likely to arrive.

I think the time has now arrived.

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