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The abrupt introduction of a "radical cap" on immigration from next year will lead to major UK skills problems, employers warned today.
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Employers' groups are calling on the government to rethink its immigration cap as figures today reveal that almost one in 10 private sector companies plan to relocate jobs abroad in the next year.
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The UK economy has lost nearly 1m full-time jobs after a dramatic shift to part-time working since the start of the recession, according to a report by the Chartered Institute of Personnel and Development (CIPD).
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Job satisfaction has plummeted to a record low and nearly one in five workers are worried they could lose their jobs, according to the Chartered Institute of Personnel and Development (CIPD).
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Geoff Dicks, one of the three members of the Office for Budget Responsibility (OBR), told MPs yesterday that the UK will experience “falling real wages” as pay rises fail to keep pace with inflation.
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Interns should be paid a minimum £2.50-an-hour "training wage", bringing them into line with apprentices, the Chartered Institute of Personnel and Development urges today.
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WORKERS will win the right to stay in their jobs beyond the age of 65 next year. The Government will “quickly” phase out the default retirement age from April, the Budget revealed. It will save older staff from being forced to retire against their wishes, increase tax revenues from those who keep working and reduce welfare payments.
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Most economists welcomed the deficit cut but Labour ministers and many economists said the chancellor was taking extraordinary risks with the recovery. Instead of a Budget to support the recovery, Harriet Harman, acting Labour leader, said “what we got was a reckless Budget that pulls the rug out from under the economy”.
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There were warnings tonight that the toughest budget in decades could plunge Britain back into recession, leaving the private sector unable to create the jobs needed to make up for public sector cuts.
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John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development, said curbing public sector pay would not improve the public finances a great deal.