We won't cut spending, McDonnell promises as Labour derides budget

Shadow chancellor sets out economic plans, while Jeremy Corbyn says George Osborne budget has 'unfairness at its very core'

Labour will fight the next general election campaign without any plans for spending cuts, the shadow chancellor John McDonnell has said.

After the party's leader, Jeremy Corbyn, said George Osborne's budget was laced with "unfairness at its very core", the shadow chancellor pledged to eliminate the current budget deficit by stimulating greater economic growth and leading a more effective crackdown on tax avoidance.