Sources are claiming that the Con-Dem government alliance budget will cost something in the region of 1.3 million - primarily public sector - jobs, as it attempts to slash the national debt at any cost.
In order to get the money rolling in again.
As the trade unions gear up for all out war on a scale not witnessed since the poll tax revolt, Middle England wrings its hands and wipes away a tear on its silk handkerchief, as stealth tax stealthily rises, and public services are decimated.
"What's happening here?" one staunch Middle Englander wailed. "We didn't vote for this! We voted for a fair society which would cut benefits to junkie chavs and single slappers! We didn't realise we'd be affected!"
Singing in perfect harmony, from the same hymnn sheet, the PM and his Deputy, Do Nothing Dave and Nifty Nick issued the following statement:
"We lied! We misled you all! We'll make sure we're all right Jack, but balls to the rest of you! We conned you and you fell for it! Praise be to God - Baroness Thatcher!"
Skoob News political correspondent, Julius Marx, told us:
"I tried to warn people, but they didn't want to know. We're going to end up riding the Greek train, with civil unrest bordering on anarchy. Austerity measures are inevitably counter-productive. To try to solve the fiscal problems we face in one devastating hit can only have a disastrous effect on our society. Action like this, while it may be necessary, could easily be carried out over a longer time frame. Less damage. Twelve months down the line a lot of people are going to wish they'd stuck with Gordon Brown. Not that he was that great, but compared to this lot, he's like Father Christmas."
For further details, log on to www.MargaretThatcherTheNightmareRevisited.con
More as we get it.
