Ed Balls has warned that a future Tory government would mean an extreme and unprecedented £70bn in cuts to UK public spending.
The Labour shadow chancellor said that the economic plans laid out by George Osborne in the Budget and reaffirmed in the Autumn Statement will go beyond balancing the books and aim for an overall budget surplus of £23 billion by 2019/20.
He said that the Tories plan to cut public spending back to 35 percent of GDP, a level last seen in the 1930s, a period before the NHS, according to the Office for Budget Responsibility (OBS).
To reach this financial situation, Balls claimed that the Tories would have to make swingeing cuts to the NHS, Foreign Office, and military, or raise taxes.
During the questions following the speech, Balls said that the British public no longer believed David Cameron when he says that British publish services could continue as normal despite future heavy cuts, and claimed that the prime minister was running scared of the debates because he could not answer questions on the subject.
