OUR prized National Health Service faces a £7 billion funding shortfall under “extreme” Tory plans to slash public spending, Labour warned last night.

The party’s Budget analysis shows Chancellor George Osborne will be forced to abandon promises to protect NHS spending in order meet his £30bn cuts target.

Mr Osborne said in Wednesday’s Budget that he will to cut spending for unprotected government departments by £13bnin the next Parliament to achieve the “savings.”