According to the Institute of Fiscal Studies (IFS), the Government has only implemented 6% of its planned cuts to date. This is an austerity programme that is £10 billion behind schedule and which is set to last well beyond the next parliament. Although 6% is but a small step on a long road of enforced privation, already we can see the devastating effects this is having on millions of people.
The recession has hit the working class hard as big business seeks to make ordinary people pay the price for the greed of the banksters and the City of London. For working class women, things are looking very grim already - here Rachel Gibbs reveals some of the facts and what they mean.