Conservative Party deputy chairman Michael Fallon said: “Ed Balls’ Plan B of increased spending and unfunded tax cuts at a time when we have a similar deficit to Greece and Portugal looks like a plan for bankruptcy. "Our deficit reduction plan is backed by international organisations including the IMF, the CBI, the OECD and the Obama administration. Ed Balls’ plan isn’t even backed by Ed Miliband.”

BBC News - Ed Balls urges emergency tax cut to boost economy