Nick Clegg has said that the Conservative party have no way to meet their tax pledges on raising the personal allowance to £12,500 without doing "what Tories do best - cut."
Speaking in London the Liberal Democrat leader said George Osborne tax pledges will cost £7.2 billion. He said his party want to: "cut taxes for working people paid for by the wealthiest. The Conservatives want to cut taxes for the wealthiest paid for by the poorest."
The bill for George Osborne's tax plans is £7.2 billion.
To find that many they will have to do what Tories do best - cut. That means cuts of 6.6% to public services just to pay for their tax commitments.
To give you an idea of what that 6.6% means, it is the equivalent of cutting 10,000 police officers, 28,000 homecare workers, 25,000 military personal, and scrapping the 15 hours of free childcare for the most disadvantaged two-year-olds, that the Liberal Democrats have introduced in government.
The personal tax allowance would rise to £12,500 under the Lib Dems, funded by a crackdown on tax dodgers, leader Nick Clegg has revealed.
Millions of households would be better off under a Tory government, David Cameron will claim today as he hails "money-back Monday".
A Conservative government would aim to double the number of first-time buyers by 2020, the Chancellor has declared.