Bloggers Guido Fawkes and Will Straw on spending cuts.
Blogger Paul Staines, also known as the blogger Guido Fawkes says the government should make deeper spending cuts. But Will Straw from the blog, Left Foot Forward warns that deeper cuts could be counter-productive.
A leading thinktank has warned that households in the UK may be facing the biggest drop in income for 30 years.
Allegra Stratton of the Guardian and Janan Ganesh of the Economist joined in the discussion on the Daily Politics.