Wednesday, 21 March 2012 12:00
George Osborne, the man in charge of Britain’s sinking economy, will present his government’s third austerity budget.
In it, he will set out a continuation of the cuts that have decimated Britain's public services and put up to 6.3m people out of work.
George will tell us that 'there is no alternative' to his slash-and-burn economics; that austerity is the only route to recovery. But even George can't have failed to notice one thing - austerity isn't working.
Whilst George attempts to get us to focus on Britain's rosy relationship with the ratings agencies, he knows a million 16-24 year olds are out of work. As he bangs on about low borrowing costs, Britain's female unemployment rate has hit a 25 year high. Austerity may be working for the bond markets and the banks, but it isn't working for the rest of us.
Barclays CEO has just has his tax bill of £5.7 million paid by his employer, while the rest of us pay for the crisis, the bankers who created it get off scott free.