Budget 2010: Britain on 'road to ruin' without cuts

Britain is "on the road to ruin" unless action is taken in the Budget on Tuesday to cut the deficit, Chancellor George Osborne has told the BBC.

Mr Osborne said the coalition had inherited "a truly awful financial situation" and he would set out a four-year plan to deal with it.

Tough action was "unavoidable" but he aimed to provide "prosperity for all".

He also announced ex-Labour minister John Hutton would head a commission into public sector pensions.

Mr Osborne told the BBC's Andrew Marr Show that Mr Hutton's involvement would mean the commission into future pensions would be independent and have cross-party input.

Is Britain going to start suffering like never before.

As the new government is gearing up to release one of the toughest budgets in years, how will effect us all. We already no the Tory's have gone back on an election pledge, they said they would not increase VAT and criticised the Labour party for stating they would increase it, and what a surprise the Tory's are know going to to try and increase the VAT level up to 20% - also the government might add this onto the at present non VAT products (food & baby clothes).
The Tory's actions are very controversial, with stating that the government needs to start saving money, then in the next breath creating a so called 'free school' system to allow the middle classes to school their own children and be self governing and control how much teachers get paid (all this money comes from us the tax payers). The Tory's are unwilling to increase the basic tax rate, because this will hurt the hard core Tory supporters (middle class and rich).  

At present Britain is in danger of having a double dip recession (that's if you believe we have left the first recession), one of the major problems with heavily cutting back all in one go is that the government will not be able to restore it later.

We have all enjoyed very high levels of health care, police cover, education,  local council utilities & house prices. But unfortunately all this was heavily hit by the global economic situation, I feel leaving the EU & USA to level out will have an impact upon our own economic situation, before we start cutting away.

Further regulations are required to handled Britain's out of control banking system, the public have invested far to much money into saving our private banking system. Britain was moments away from having a major high street bank close, this would have caused more dramatic economic problems than we have know.

So if you are on a lower income, or receive any benefits then 'Bloody Tuesday' will change your life.

The Tory's seem to be protecting business and sacrificing the lower paid public, the more the spare money the general public have then the more money is pumped into the economy.