These cuts will have a devastating impact on an economy heavily reliant upon the public sector, which directly employs a third of the workforce and props up the private sector. Researchers have suggested 40,000 jobs will be lost as a result of the cuts, although this could turn out to be a conservative figure. There was an angry and determined mood among the workers who joined the protest. Some of the local politicians who support cuts had the gall to join the march, including SDLP leader Margaret Ritchie and the Minister of Education, Sinn Fein’s Caitriona Ruane.
All the main parties have been implementing cuts and privatisation since the Assembly Executive was established and accept that workers and young people must pay the price for the bankers’ economic crisis. Unfortunately, these politicians were given credence by representatives from the Northern Ireland committee of the Irish Congress of Trade Unions. Speaker after speaker appealed for ‘our’ politicians to unite against cuts, despite their track record. This clearly was not the mood of workers on the demonstration, who replied with boos and jeers. Instead of sowing illusions in the sectarian, pro-capitalist parties, the trade unions should be preparing their members for a fightback against the cuts, including moving towards a new, anti-sectarian party of the working-class. The Socialist Party raised this demand on the march and called for a one-day public sector strike as the beginning of a campaign of industrial action to smash the cuts.
While the bailed-out banks continue to pay out millions in bonuses to the fat cat executives, it is a very different story for working class people. 
Only a united struggle of the masses can defeat regime
Workers at the BBC are currently participating in a 48 hour strike in a bitter struggle against managements attempt to drive through draconian attacks on pensions.
UCD economist, Morgan Kelly, was pilloried by the establishment back in May when he said it was no longer a case of whether Ireland would go bankrupt but when.