" There is no alternative". The mantra used by politicians when anyone queries their economic strategy. Yet people are now questioning just that. France, Greece, Germany and the UK have been giving their verdict in elections.
Let's be clear that whatever one's view of the current Government strategy on the deficit , it is doing serious damage in communities and for vulnerable people.
There is no growth and that means growing unemployment. I have been surprised at how little attention has been given to the huge levels of youth unemployment; but I wonder how long this will last.
A recent report form the national Institute of Economic and Social Research has said that high unemployment will damage the UK.
The UK unemployment rate will rise to almost 9% by the end of 2012, doing "permanent damage to the UK's productive capacity", the think tank says ( 4 May ).