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Job cuts on the way in public and private sector

A survey by the Chartered Institute of Personnel and Development has given an insight into what we can expect in the first half of 2010. The revelation that overall one in four employers is planning job cuts is alarming in itself but this figure rises to one in three for the public sector. It seems that despite the fact that the UK economy has "moved out of recession" we will see unemployment in the UK rise markedly in 2010.

Those employers who confirmed they are looking towards reducing staff numbers have indicated they will cut their staff by an average of 6.2% in the first quarter of 2010 which compares to a reduction of 3.8% in the final quarter of 2009. There would also appear to be pressure on salaries with minimal or no increases expected in the short to medium term as companies look to rein in their spending and reduce their cost base.

We are now starting to see the fact that unemployment in the UK will severely lag any economic recovery and unemployment is likely to rise in the foreseeable future. This is not the "dream scenario" which the government had hoped for as we move towards the general election.

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