I'm in Local Authority, and (luckily) 2 people have resigned this month, so we've already saved quite a lot from that. And also another senior manager is thinking of leaving. So it looks like we may make it to 2011 Q2 without any redundancies.
Although i'm not sure how we'll cope after then. We've been through a restructure recently and really stretched the budget all we can. Uncertain times really suck :(