The Prime Minister David Cameron has warned of the pain to come when further cuts in spending are announced in the forthcoming emergency Budget.
The frontrunner for the Labour Party leadership, David Miliband, has been very swift to condemn both Mr Cameron and Deputy PM Nick Clegg for misleading the British people during the election campaign.
The Conservatives had said right up to the election that the focus on any spending cuts would be on reducing government waste. And yet they have announced the axing of the Future Jobs Fund, set up by Labour to guarantee jobs or training for 18-24 year-olds.
Mr Cameron has repeatedly claimed he cares about the future of our country.
However, by cutting a scheme which will help the next generation of school and university leavers to get work, that will mean that thousands of young people will be unemployed.
And as for Mr Clegg and his party, the former foreign secretary is right to speak of their total hypocrisy.
It was Clegg himself who shouted the loudest during the election campaign; highlighting the dangers of any Conservative cuts in public spending should they win power.
Now he and his party are implementing these cuts themselves.
What a difference being in power makes.
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