Economists warned on March 31 that the British government’s public-sector cuts will leave a shortfall of more than half a million jobs.
The New Economics Foundation (NEF) also warned that nowhere in the budget or “plan for growth“ was there “any evidence that the business tax cuts, regulatory tweaks and relatively minor changes to public-sector investment that are promised will deliver major economic transformation”.
Trade Union Congress general secretary Brendan Barber said the findings showed that “in recent years, the market has become the master, not the servant, of society”.