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CHANCELLOR George Osborne stopped short of cancelling Christmas yesterday - but revealed two more cold winters of callous cuts are stashed under the Tory tree.
Mr Osborne proudly unwrapped plans to slash public spending by another £25 billion if the nasty party are gifted another term in government.
And he warned there would be "very substantial savings" to address his £90bn deficit, which he originally promised would be gone by May 2015.
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The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE