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Page last updated at 13:19 GMT, Thursday, 21 January 2010

Shadow treasury minister Philip Hammond on spending

Public sector net borrowing reached £15.7 billion in December to help finance Britain's debt burden - but are Labour or the Tories being honest about how they plan to cut it?

We were joined by the shadow treasury minister Philip Hammond - no government minster was available for an interview.

Journalist and historian Max Hastings gave his views.

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