But, lest it need repeating, the pleas from the CBI and others could well be directed at the Tories as well as Labour. Sure, Cameron & Co. say that they would cut further and faster – but, when it comes to the details of what to cut and when, the similarities between them and Brown's government are striking. Indeed, as I've said before, we're largely taking it on trust that the Tories have a plan sufficient to the scale of the debt problem – even though there are timorous signs that that trust will turn out to be well-placed.
In the meantime, the think-tanks and other non-party political bodies, like the CBI, are doing most of the running when it comes to identifying specific candidates for chop. Perhaps that's all we should expect with an election around the corner. But, for the time being, the debt markets look on nervously.