Tories warn over Brown tax cuts

David Cameron: "The cupboard is bare"

The Conservatives have warned Gordon Brown that any unfunded tax cuts would be irresponsible and merely "pass the debt onto the next generation".

Shadow defence secretary Liam Fox told the BBC Mr Brown had "maxed out the country's credit card and simply wants to open another one to keep spending".

And Tory leader David Cameron warned tax cuts could push up mortgage and tax bills "to pay off the debt tomorrow".

The comments came amid reports that the PM may be planning