Thursday 2 July 2009

Gordon Brown's attack on Tory cuts has backfired in spectacular fashion

Telegraph
"Their attack on Tory plans for a more responsible budget has backfired spectacularly. For, instead of undermining David Cameron's claim to a caring Conservatism, it has invited academics, the City and the media to scrutinise Mr Brown's insistence that (in the unlikely event of the party winning a fourth term) Labour will keep state spending on an upward curve.Few, it seems, accept a word of it. John Kay, Oxford don and founder of the Institute for Fiscal Studies, and one of the country's most respected economists, told me on Sky News that spending cuts by a re-elected Labour administration would be unavoidable. "Spending has got to go down and taxes as a proportion of national income must go up. There's absolutely no way of avoiding that as the central truth," the professor said."

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