In an event dubbed the march for the alternative, hundreds of thousands gathered in London - protesting against the coalition's planned spending cuts - the largest cut-backs since the Great Depression.

Organised by the Trade Union Congress, the protests remained largely peaceful. However events were overshadowed by violence that later erupted.

But as Europe is still struggling to avoid another financial crisis, would such measures have any impact? And what are the social and political implications?

Inside Story, with presenter Ghida Fakhry, discusses with: Jeremy Batstone-Carr, head of research at Charles Stanley stockbrokers; Max Keiser, financial analyst and renowned banking critic and Tom Clougherty, executive director of the Adam Smith Institute, a U.K.-based think tank dedicated to free market policies.