Tories vow to cut spending by €25bn
The Conservatives’ plans raise the stakes in a pre-election battle with the Labour government over which party has the most credible plans to cut public sector borrowing that is forecast to rise to a record £175bn (€189bn) this year.
Both parties have said they would cut spending, but the Conservatives – favourites to win an election expected next May – say they would act faster than Labour which has promised to halve the deficit in four years.
