Ministers needed to “roll up their sleeves” and get to grips with the task of reducing the growth in public spending now.

“The success or failure of a Conservative government, if one is elected, is going to be whether we deal with this enormous problem that we have,” Conservative leader David Cameron said.

“It means the whole way the government operates is going to have to change. It means ministers actually being rewarded on the basis of how they can save money rather than spend it.”

Mr Cameron said the Conservatives had identified three areas in which savings should be made.

Projects such as the ID cards scheme and the Contact Point child protection database should be scrapped, the tax credit system should be scaled back and public sector pay needed to be tackled. BBC.

And it won’t benefit us one jot – especially if you’re low paid or work in local government – it’ll go straight into maintaining the life-style the rich have become accustom too.

Cameron’s right about one thing Britain must be prepared for a “major culture change”.

And that culture change must be in the attitudes to wealth and how it’s created – many of us have wrongly used rising house prices to make us wealthy and used that wealth to borrow vast sums of money: it can’t go on. Furthermore we can’t allow the few to exploit the rest of us – for instance it makes no sense to allow Private finance companies to make vast sums by doing little more than buying and selling assets and in the processes saddling companies with vast debts which can drive them to bankruptcy. If we don’t change the majority of us will face a life of poverty.