JAM TOMORROW?

VAT increased to 20%- thus reducing sales

Public sector wage and pension cuts- less spending power

Benefit cuts- again, less spending power

How do Messrs Cameron and Clegg suppose this will ease the deficit? These actions may in the short term leave some money spare to pay off the deficit. But long term, they will mean less jobs, less spending, less growth.

More unemployed, so the benefit cuts will be wiped out by more people claiming lower benefits.

History shows us that penalising the poor- no, let’s call it what it is- making poverty a crime- is not the answer and it does not work. It was tried with 17th and 18th century parish poor relief and 19th century workhouses. The early 20th century saw benefits, but only if you could prove you were poor and had to sell anything not absolutely essential to life before relief was given.

In other words, a workhouse in your own home! So what happened? People died or turned to crime. Perhaps that is why Ken Clarke is considering cutting £2bn from the legal aid bill. We all know who that effects. Not Ken.

David Cameron, accompanied by a distinctly uncomfortable looking Nick Clegg effectively said benefit cuts, both in amount and those entitled to them would encourage people into work.

So would removing anti-Trades Union legislation and allowing higher wages thus negotiated. As one would expect in the Thatcherite free market economy. The other nail in this particular coffin is the prevalence of a generation of young people who have never worked or known job security and are perfectly able to make a good living selling drugs. Does he believe this underclass will worry if their benefits are cut?

IS CAMERONISM THE NEW THATCHERISM?

It has just been announced on BBC news Cameron has turned down his pension of around £66,000.

Now, does he mean he will never claim it? Or does he mean he won't claim it unless the deficit is dealt with?

Well I'd like to say I couldn't care less. This problem has been caused by private financial institutions. Yet all I have seen or heard so far are cuts to wages, cuts to benefits and cuts to public services. In other words, public services and the neediest paying for the mistakes of wealthy bankers who STILL receive their massive bonuses.

And Ken Clarke, another of Thatchers Thugs is talking of £2bn cuts to legal aid and closing 103 magistrates courts. So if you protest the cuts and get arrested, don't expect to be represented- unless, like Ken you can afford to retain legal representation.

Nick Clegg tried to soften the blow by saying that public servants wage cuts will start at the top. Quite simply they are the ones who are most able to bear the burden and as for Cameron's attempt at empathy by giving up his pension, well I wish to hell I was wealthy enough to turn down £66,000 a year.

This is just a return to Thatcherism. The global economic recession and the deficit must have Cameron and his cronies laughing all the way to the bank. What a perfect excuse for austere financial restraints on the poorest to maintain the rich.

The only small light I can see is that Nick Clegg, confronted by an audience of ordinary people with Cameron looked decidedly uncomfortable. Though he tried to give the impression of unity, I can only hope he has become disillusioned with the coalition and that it hastens my prediction that we will see it collapse before September this year, leading to a general election. And I hope the Labour Party seize the opportunity to return to grass roots socialism and win a massive landslide victory.