DAVID Cameron has broken the two promises to Britain he made five years ago, Ed Balls said in Glasgow.

The Shadow Chancellor was speaking at the Royal Concert Hall with Scottish leader Jim Murphy.

Mr Balls said the Prime Minister promised to raise living standards and balance the books.

He said: "Five years on and he's not going to manage either.

"Working people are worse off with wages down £1600, households have lost over £1,100 a year on average as a result of tax and benefit changes introduced by this government.

"This is set to be the first time since the 1920s that working people are worse off at the end of the Parliament than they were at the beginning.

"Far from balancing the books, borrowing is set to be £76 billion next year.

"And it is why the government is now set to have borrowed a staggering £200 billion more than they planned in 2010."

Mr Balls accused the Tories of imposing ideological cuts.

He said only Labour had a "radical and credible plan" to end austerity."

He said Labour would introduce a budget following the election and adopt a fairer and more sensible approach to deficit reduction.

He said: "First, there will need to be sensible spending cuts in non-protected areas.

"For example, we will cut winter fuel payments from the richest five per cent of pensioners and cap child benefit at one per cent for two years."