Thursday, 20 November 2008









Wednesday, 19th November 2008

Who is right?

5:57pm


David Cameron’s decision to abandon Labour’s spending targets has been hailed in some quarters as a political break through. At last, say the traditionalists in his ranks, it frees up the Tories to do what they were put on God’s earth to do – cut taxes. At the same time, it opens up the Tories to what until now the Cameroons have been determined to avoid at all costs –  the Labour charge that they will cut public services such as education and health. And without any doubt the ancient war-cry of ‘same old heartless Tories’ will once again resound in the land.

Like Labour, the Tories argue their position has changed because circumstances have changed. Labour says the unprecedented recession and danger of deflation mean all previous rules have to be torn up and ‘prudence’ thrown under...

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