

"The government's planned spending squeeze will throw 750,000 public sector workers on to the dole queue and push unemployment close to 3 million for the first time since the early 1990s, a respected thinktank warns today.
"In a stark assessment of the human impact of the cuts the coalition says are required to tackle the ballooning deficit, the Chartered Institute of Personnel and Development, says unemployment will rise to a peak of 2.95 million in the second half of 2012 and remain near that level until 2015, the entire period of the coalition government."