Paul Waugh spots this line in a speech given by Yvette Cooper an hour ago:
“David Cameron has said we should not borrow to boost the economy now. But the truth is that if we don’t act, our economic problems will last longer and run deeper.”
As Paul notes, this represents another hardening of the battle lines between Labour and the Tories. The Government are spinning things as a choice between increased borrowing now (with the caveat, in the small-print, that taxes will need to rise once the downturn’s over) or a longer-lasting recession. And you can expect them to push this message ad nauseam over the coming months.
The grand irony, of course, is that Brown will no doubt be wanting the downturn to last as long as possible, so he can strengthen his own position.

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