Double Dip Recession

The honeymoon period for the ConDem coalition government is quickly coming to an end - rather like the economic growth of the UK. The glorious sunshine from the Cameron and Clegg marriage has suddenly turned into storm clouds of grey as their promise of market stability fades.

Over the coming months the words "Double Dip Recession" will be used more and more as the initial £6.25 billion starts to take effect. The markets have not stabilised since ConDem took over from Labour on May 7 - in fact they have just hit new nine month low today. Consumer confidence will begin to reverse as jobs disappear thanks to the savage cuts announced this week.

Britain PLC has massive monetary problems and debts have to be paid back, but to jeopardize the fragile recovery so soon is wrong. Unemployment will rise, thus adding to the state burden and thousands of lives will not be "enriched" as the Tories claim.

"The years of public sector plenty are over" - ConDem's Osbourne announced during his cost cutting speech, a sure reminder of Thatcherism and the savage public sector cuts that damaged the NHS, police, rail network and schools. It took subsequent years of investment in the public sector to repair the damage. Yet now under the new ConDem coalition, all public services are under threat.

There are always winners and losers during economic turmoils - big business will squeeze down wages and working conditions of the poorest and most vulnerable. Big business will be the 'winners' as back door privatisation allows companies to exploit the recession. Bankers may be under fire rather like Neo in The Matrix, yet they will remarkably be able to avoid any fatal shots as the ConDem's fail to make the bankers pay for the economic mess they helped create.

The poor and less well off are the ones who will ultimately pay the price during the ConDem cuts. Thankfully for the coalition, the UK public are too weak to raise enough objections and will sit back and do nothing. Makes you wonder how Cameron and Clegg would react if the population stood up against these public cuts like those in Greece.....