So just how sorry is David Cameron? On Friday he put his hands up to being part of a “cosy consensus” on tax and spending. So I had expected his press conference today to declare he’d torn up his plans to outspend what he inherits from Labour. All bets are off, I expected him to say, it’s time for clean slate, and the Tories can make no promises on spending until they see the government books – i.e. real spending cuts aren’t ruled out. But nope – his original position still stands: that the only question in his mind is the rate of increase in spending. But it will increase. And so, ergo, will debt.
So how can Cameron claim to be “solving Labour’s debt crisis” while proposing to massively increase public debt – which he would do, even by freezing spending in real terms? I asked him this in the press conference this morning.
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