Alex Massie

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Courtesy of Stephanie Flanders, the BBC's Economics Editor:

Welcome to the election. If we're to believe Alistair Darling, the Conservatives' 'credibility gap' on tax and spending has shrunk by 34% since January, or about £11bn. If they carry on like this, they might be thoroughly credible by election day.

Naturally, that is not how the chancellor put it in his press conference this morning, as he released more than 180 pages detailing the Conservative Party's (new and improved) "Credibility Deficit".

Back in January, Labour said there was a £33.8bn hole in the Conservatives' plans. Now it's fallen to £22.2bn - suggesting a 34% rise in credibiliy. But, to coin a phrase, Labour's numbers really don't add up.

Quite.

*Actually it was last Thursday but I only saw it today.

Written byAlex Massie

Alex Massie is Scotland Editor of The Spectator. He also writes a column for The Times and is a regular contributor to the Scottish Daily Mail, The Scotsman and other publications.

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