The Government’s public sector spending cuts could leave a shortfall of more than half a million jobs because of the lack of a strategy for growth, a think tank warned today.
The New Economics Foundation (NEF) said 1.4 million people could remain unemployed as a result of the cuts because private firms will not be able to create enough jobs.
Its report argued that the Government had not done enough to restructure the economy to help private firms expand.
Charles Seaford, co-author of the report, said: "David Cameron has set out a vision of an economy where well-being matters, where Britain is a leader in green technology and where all regions of the UK can flourish, but how are we going to get there without decent signposts?
"The Government urgently needs to adopt a coherent industrial strategy to avoid the huge shortfall in jobs that could result from public sector cuts."
