"Scrapping Education Maintenance Allowance and hiking university tuition fees will only further reduce the job chances of young people and, with inflation rising at over twice the level of earnings, things aren't looking pretty for those in work either."
The Chartered Institute of Personnel and Development today urged the Government to compile a comprehensive audit of job losses in the public sector, which is being hit by spending cuts.
Economic adviser Dr John Philpott said the move was needed because of an "apparent disconnect" between estimates from the Office for Budget Responsibility (OBR) and predictions from other organisations.
The OBR has cut its forecast of predicted job cuts between 2014 and 2015 from 490,000 to 310,000, but this contrasted with other reports, he said.
"The Government should at the earliest opportunity publish a comprehensive administrative audit of public sector jobs cuts drawn from available figures on workforce reductions being currently planned and/or being implemented across the public sector," Dr Philpott said.
He believes this would give greater clarity to ongoing debate about the scale and phasing of public sector job cuts and improving assessment of the possible impact on unemployment at the national, regional and local levels.
New data on pay rises from the Office for National Statistics today will also be closely monitored to see how far they are trailing behind the rate of inflation, which is running at 5.3pc on the retail prices index compared with 2.3pc for the average earnings rise in the year to January.
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