Situation reminds of feudal France. Government members originate from rich so they will protect rich. The rest of the society have only two ways of going forward. Clearly to remain slaves of the rich or uprise on a massive scale. If this society will get really angry , it will cost more to protect and rebuild the symbols of capitalism than cuts will provide money.

The government will have 3 ways to choose. Continue this policy or resign or change the policy and get more money from rich. Certainly it will continue and Britain will go further into debt and crisis similar to Greek will occur. But there will be no bailout as rest of EU is in similar situation also.

If people will make revolution in their minds, a lot will change pretty soon. I can't see those teenagers now becoming a model citizens with exemplary capitalist virtues after yet another blow to education, this time cutting the Education Maintenance Allowance by 400 milion pounds.

Everybody feels threatened by this situation. However, this is the spring and spring ain't no depression or boredom. This will be the ummer of rage I fear not.