During last month, August, the country's borrowings increased by £16.1 billion. That's almost twice the budget for the 2012 Olympics. Just to pay interest on its debts the Government has to find £30 billion+ p.a. That's £500 for every man, woman and child in the country. Spending on social security is due to rise from £156.6 billion this year to an alarming £193.4 billion in 2013-14.
Meanwhile, the unions have made it clear that they will, in no way, accept a pay freeze.
We are now in the 'calm' before the 'storm'. Watch out.

GT