Ed Miliband has accused the Government of going back on its promise to cut the deficit by 2015.
George Osborne admitted that the deficit was not falling as fast as he hoped when announcing his Autumn Statement today, promising to achieve a budget surplus by 2019/20 instead of the original target of 2015.
Ed Miliband said: "David Cameron and George Osborne have now failed every test and broken every promise they made on the economy.
"The Tories promised living standards would rise, but while millionaires have got a huge tax cut working people are £1600 a year worse off."
"We will balance the books in a fairer way and save our National Health Service with a fully-funded long-term plan."
The Chancellor must tell voters whether what he's proposing is really a re-think of the role of the state.
For all the criticism of spending reductions under the Coalition, there are actually more cuts to come after 2015.
Could what seems like a lifeline for buyers - the overhaul of the unpopular stamp duty - actually make it harder to land a property?