A report from a leading economic forecaster dealt a major blow to the Government's plan to reduce the vast national debt, saying it is on course to fail.
The National Institute of Economic and Social Research dismissed the Treasury's forecasts of a quick return to healthy economic growth, instead warning of a 'double dip' recession.
And it said Labour's broad plan to halve the deficit with spending cuts and tax rises starting in 2011 was not enough to stop borrowing rising further.
The warning came after Mr Brown defended the Government's decision to allow annual borrowing to rise to an unprecedented £178billion and to put off spending cuts until April 2011....
Economist Simon Kirby warned: 'Additional retrenchment will be needed through either extra spending cuts or further tax increases.'
It is most likely that a toxic combination of the two will be needed, he said.
Mr Kirby said the recent fall in unemployment was a 'hiatus rather than a turning point', forecasting that nearly 450,000 workers will lose their jobs over the next two years.
Inflation will soar to 3.5 per cent in the next few months, he said - a blow for workers struggling to cope with the rising cost of living after their salary has been frozen or cut.
Someone nneds to depose this fucker before we are all utterly fucked.