George Osborne and David Cameron have warned that Labour’s plans to borrow even more money will lead to a tax bombshell for the British public.
George, the Shadow Chancellor, stressed that tax cons funded by Gordon Brown’s borrowing binge will result in tax rises for everyone.
"However Gordon Brown wraps it up, it's still a Christmas tax bombshell. He is taking the British people for fools if he thinks they can't spot the difference between a tax cut and a tax con."
David Cameron urged the Prime Minister to start telling the truth about the state of our public finances and debt levels - and expressed his worries about Labour's borrowing bombshell.
"I do have a real concern about a Government going on a borrowing binge
that even they are now admitting is going to lead to much higher taxes
later...That actually says to people this is not a stimulus;
this is actually a warning about a big tax bombshell."
In an interview on the Andrew Marr show, David also stressed, “You cannot borrow your way out of a borrowing crisis.”