The Bank of England is preparing to cut its forecast of growth in 2011 from close to two per cent to as low as one per cent on Tuesday. It is also preparing to reduce its 2012 forecast of just over two per cent, again to about one per cent. The Bank is likely also to warn that a failure to resolve the crisis affecting the eurozone may make things much worse in Britain because of its reliance on trade with the rest of Europe.
To add to the gloom, in a week where Dave and his rich pals were due to announce yet another 'fightback', the number of people aged between 16 and 24 out of work is set to break the one million barrier on Wednesday for the first time since figures began to be calculated almost 20 years ago.
A report by the Institute for Public Policy Research (IPPR) will this week suggest that apprenticeships are failing.
The report, seen by The Sunday Telegraph, says employers are using Government cash meant for apprenticeships to subsidise training for older workers instead. According to the IPPR, 40 per cent of new apprenticeships went to over-25s last year.
Keep up the good work, Dave. Every one of those million kids desperately needing something to do in their lives apart from sit around and wait for the next dole cheque will be a voter at the next election. Can't see them voting for you and your rich cronies, pal. You may chant the mantra that 'we are all in this together' til the cows come home. It sounds more hollow, more false, by the day. As your own MP opined so eloquently - what a creature... a complete arsehole you are.