Link to the article: The Guardian
CIPD says pressing on with austerity measures would depress economy and lead to real-term wage cuts
Unemployment was yesterday predicted to rise by 200,000 to 2.7m by the end of 2011, adding to pressure on the chancellor, George Osborne, to delay the most severe cuts in public spending since the second world war.
The Chartered Institute of Personnel and Development (CIPD) warned in its annual employment barometer that the proportion of people out of work will hit 9% after widespread job losses in both public and private sectors. The human resources managers' professional body said pressing on with austerity measures would depress the economy and force employers to restrict pay rises, leading to a real-term cut in wages during the year.
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