Tag Archives: save the deficit

Labour need to decide whether their “Save the Deficit” campaign should continue

There are two different economic debates to be had with Labour politicians these days.

One of them is a sensible debate about how fast, and how far, cuts should go. Alistair Darling, just a few months ago, told us that Labour wanted to cut deeper and longer than Thatcher did in the 1980s, with talk of a 25% cut in public spending over seven years and hefty tax rises.

The Coalition Government takes the view that the pain of cuts should be slightly shorter and sharper than Labour had planned – still 25%, but spread over five years rather than …

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