Our economy is sick and the Government's medicine is not working. We were told that short-term pain would deliver long-term gain, yet all we see are nasty side-effects with no sign of a cure.
What is worse is that we now seem to be locked into a vicious downward spiral of cuts. They are not working so the Government cuts even more.
Reducing the living standards of some of the poorest and most vulnerable in society, while attempting to tar them all as scroungers, is perhaps the very definition of a party determined to be seen as nasty and, what is more, it will further depress demand and slow the economy.
People on the breadline spend every penny of their income, and mainly spend it in the local economy, while those who will benefit from the cut in the 50p tax rate coming this year are as likely to save it or take it offshore.
More top news
Jamie Oliver turned down the offer of playing a hobbit in the movie adaptation of the book by JRR Tolkien, the TV chef has revealed.
Children are being put at risk as 11% of posts for permanent children's social workers remain unfilled, experts have warned.
A Network Rail boss who presided over the Christmas trains chaos will not receive a bonus of more than £300,000 when he leaves in February