For all those who seem to claim the poor are being hit hardest at the expense of the rich perhaps you should check this article:
http://www.bbc.co.uk/news/business-21740450 That graph is quite striking. Yes those on low incomes are being hit, mostly due to the welfare system changes, but it's clear those on big incomes are taking a major share. Only problem is those on big incomes, compared to the the numbers on welfare is quite disproportionate so raising money from the rich alone won't cut it (and perhaps some are good at avoidance schemes)
Blaming the previous government is par for the course. Labour undoubtedly went on a spending spree, most of that covered by borrowing. The effects of the repayments of that borrowing take a while to come through so now we see borrowing to pay off repayments, i.e. the money can't fund anything new, just old cost. It's why spending for the sake of it doesn't work other than in the short term.