"An Ipsos Mori poll in Thursday’s London Evening Standard found that an overwhelming majority of voters, 66 per cent, do not think the Labour leader is ready to become PM. Only one in four believes he is up to the job. What is his problem? Why can’t he smash the ball into the net? The answer, perhaps, was delivered 24 hours later in the Independent newspaper, which reported: “Labour bets the house with pledge to outspend Tories”. That is, of course, a legitimate policy, but it will gain little traction until the party tells us by how much and on what. ..... Between 2003 and 2007, in what we mistook for boom years, Labour borrowed £160 billion. Its leaders were reckless in a time of plenty. If it is to be given a second chance, we need to see the small print. Is it higher taxes to fund more spending? Or will it be even more borrowing? And if there are to be cuts, whose heads are on the chopping block?
We know that what Mr Brown called “Labour investment” was, in part, “Labour consumption”."