Labour has “no excuse” for not starting to cut the budget deficit this year, David Cameron has said, claiming further inaction will hurt the economy.

The Tory leader said Labour must “tear up” its plans to increase spending in 2010 and the only reason not to do so would be “naked political calculation”.

Shadow Chancellor George Osborne has said he plans to cut the bulk of the deficit during the next Parliament.

But Mr Cameron declined to spell out the scale of cuts that would be needed. Source: The BBC.

This is never going to work – many of us are under pressure and cutting back expenditure if the government does the same then there’s only one outcome – I’ll say it again recession.