article_snippet: May. Mr Spencer says George Osborne’s plans to cut state spending to the lowest level since the 1930s will not lead to ‘Armageddon’ despite protest from the left.
article_snippet: ‘the world has moved on from the 1930s,’ says May. Mr Spencer, dismissing claims from Labour and the unions that the Tories’ plans would cripple public services.
article_snippet: May. Mr Spencer says whoever is Chancellor after the general election will need to return Britain to the black and start paying down the national debt after two decades of borrowing.
article_snippet: The comments, in an interview with the Daily Mail, will come as a boost for Mr Osborne ahead of the budget next week.
article_snippet: Mr Osborne has pledged to ‘bring back socialism’ and is planning to raise taxes on business, high earners and owners of expensive homes.
article_snippet: Mr Osborne has pledged to  to raise taxes on business, high earners and owners of expensive homes while Mr Osborne plans to cut state spending to the lowest level since the 1930s .
highlights_snippet: Says whoever in Chancellor will need to bring Britain back to the black .