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14 May 2011
Last updated at 06:43 ET
A rally is taking place in central London in favour of government cuts, arguing that the country's debt has to be reduced.
The Rally Against Debt was organised in response to TUC protests in March, which saw thousands take to the streets to demonstrate against cuts.
The event, at Old Palace Yard in Westminster is being attended by around 200 people and will feature speakers.
Organisers will also start a petition to stop EU bail-outs.
The idea for the rally came from a discussion on social networking site Twitter, and has partly been organised by the Tax Payer's Alliance.
Speakers at the event will include political blogger Paul Staines who writes under the name Guido Fawkes, the director general of the Institute of Economic Affairs, Mark Littlewood, director of the TaxPayers' Alliance, Matthew Sinclair, and Nigel Farage MEP.
The rally aims to support the idea that the national debt is a serious issue and it would be immoral to leave it to future generations.
It believes substantial spending cuts sooner rather than later to avoid seeing more taxes going on debt interest, not paying for services.
Matthew Sinclair, from the Tax Payer's Alliance, says the cuts are essential: "The country's facing a choice. It's facing a choice between racking up more and more debt and spending decades with taxpayers' burden and with the economy dragged down by that incredible debt.
"Or we start to take action to cut spending, to deliver better value and to start to rebuild our economic fortunes."
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The Rally Against Debt was organised in response to TUC protests in March, which saw thousands take to the streets to demonstrate against cuts.
The event, at Old Palace Yard in Westminster is being attended by around 200 people and will feature speakers.
Organisers will also start a petition to stop EU bail-outs.
The idea for the rally came from a discussion on social networking site Twitter, and has partly been organised by the Tax Payer's Alliance.
Speakers at the event will include political blogger Paul Staines who writes under the name Guido Fawkes, the director general of the Institute of Economic Affairs, Mark Littlewood, director of the TaxPayers' Alliance, Matthew Sinclair, and Nigel Farage MEP.
The rally aims to support the idea that the national debt is a serious issue and it would be immoral to leave it to future generations.
It believes substantial spending cuts sooner rather than later to avoid seeing more taxes going on debt interest, not paying for services.
Matthew Sinclair, from the Tax Payer's Alliance, says the cuts are essential: "The country's facing a choice. It's facing a choice between racking up more and more debt and spending decades with taxpayers' burden and with the economy dragged down by that incredible debt.
"Or we start to take action to cut spending, to deliver better value and to start to rebuild our economic fortunes."
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