Staring into the abyss.. 

This country will face five more years of cut backs – otherwise known as austerity. It will mean that when the coalition government runs for re-election in 2015, they will do so with the promise that there will two more years of “tough choices” before the deficit will be eliminated.

During this time, the axe will fall on 700, 000 public sector jobs, so taking the number of jobless past the three million mark – already over one million of our young people have little prospect of finding a job in the current challenging climate.

Last night, Danny Alexander, chief secretary to the Treasury, informed Newsnight that the Lib Dems were right behind the plan for more cuts.

The opposition says the cuts are too fast.

They are right – the social consequences of the planned austerity measures are horrendous, which is something that the young, well heeled George Osbourne does not seemed to factored into his equations.

However, the two Eds need to come up with ideas as to how propel the economy foward – now is not the time for political point scoring or in fighting, hopefully Labour has learned its lesson from the last time there was a prolonged period of Conservative government, then first Tony Benn and then an overconfident Neil Kinnock ensured three terms of Thatcher, which was followed by John Major.

Arguably the cost to our children will be much worse if David Cameron and George Osbourne are allowed to continue.

According to the Joseph Rowntree Foundation, opportunities for those born into modest incomes have been on the slide since 1970.

One can imagine what they will like on May 7, 2015.