This reveals both moral and economic bankruptcy

Daily Mail
"Gordon Brown has chosen to lie rather than tell the truth. He has chosen to act in the partisan interests of New Labour rather than the country as a whole. He has chosen to pretend that there is no need for spending cuts in the hard years ahead. ....Over the past few weeks, it started to dawn on Gordon Brown that it would be deeply embarrassing if Darling were to go ahead and announce future spending plans. By doing so he would set out for all to see how disastrous the financial situation has become...Yesterday's announcement that the Comprehensive Spending Review has been abolished shows that Gordon Brown has won the battle and that the fight for prudence has been finally lost.This is very frightening indeed at a moment when every respectable financial institution in the world - the International Monetary Fund, the World Bank and yesterday the Organisation for Economic Cooperation and Development - is warning us that we are chronically overspending."