Prime Minister's questions at Westminster today and in the Commons, Gordon Brown and the Chancellor, Alistair Darling, are expected to be accused of failing to prepare Britain for a possible recession. Government borrowing has already breached official limits, leaving little room to cut taxes or boost public spending to kick start the economy.
Commenting today, George Osborne, the Shadow Chancellor, said: "Gordon Brown could have used the boom years to prepare Britain for the lean years. He failed to take the tough long-term choices and so we are not well prepared to deal with the difficult economic times that may lie ahead."
At the same time, the Governor of the Bank of England warned that that we may be facing most challenging economic environment since the Bank was granted independence in 1997, Mervyn King said that the City must brace itself for more pain.
Not good news then for a Government still struggling with the Northern Rock fiasco and a crisis in health, education, data protection... the list goes on and on. Worse still, for the man in the street, the impact on investments and big pension funds could present a problem for those facing retirement in the near future.
The probability of a change in Government at the next General Election is now higher than ever before but I wonder if anyone would really want the job, given the potential economic and social train-wreck that faces us all in the future, unless a number of very real challenges are dealt with both efficiently and quickly by a government that had shown itself unfit for purpose in many different areas that affect us all. Family Tax Credits and the Child Support Agency being two small examples that hurt people here in Thanet.
The economy, this week anyway, seems to be out of Government's control as world stock markets suffer and perhaps we should worry that at a time of rising prices and inflation, the government needs money and that could prove very painful to the already overstretched tax-payer after the April budget.