Shadow chancellor says last five of cuts will be worse than next four years . Ed Balls accused of 'losing his marbles ' after painting ‘ apocalyptic ’ picture . Cuts will be 'the most extreme in post-war history ' , he warned in a speech . Tories said plan to eliminate deficit was necessary and accused Mr Balls of ‘ absurd scaremongering ’ after his speech on UK under Tory government .
Shadow chancellor says next four years of cuts will be worse than last five . Ed Balls accused of 'losing his marbles ' after painting ‘ apocalyptic ’ picture . Cuts will be 'the most extreme in post-war history ' , he warned in a speech . Tories said plan to eliminate deficit was necessary and accused Mr Balls of ‘ absurd scaremongering ’ after his speech on UK under Tory government .