Shadow Chancellor George Osborne has accused the Government of "sneaky fiddling" and "sleight of hand" in its Pre-Budget Report (PBR).
Osborne dismissed the government's proposals as a "pre-election report rather than a Pre-Budget Report" and said Chancellor Alistair Darling had failed to produce a credible recovery plan to reduce Britain's debt.
He said the government had tried to conceal the true scale of the crisis and the PBR proved no-one should ever trust a Labour government with their money again.
Osborne said Darling remained silent on where cuts will be made but kept promising to keep on spending.
He added: "The chancellor is prepared to tell us what he will spend money on but remains totally silent on where the real axe will fall. He is trying to achieve the unprecedented act of ring-fencing a black hole."
What made financial headlines over the weekend?
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch