Darling’s honesty is good news for the country – but tricky news for Labour
Well, well, well – Darling’s Times interview, which James reported earlier, sure is a significant moment, and one which more than deserves a place on the spending cut timeline which I put together last week. In fact, let’s see what it would look like alongside a few of the most recent entries: 9 December 2009: Pre-Budget Report 2009 forecasts Public Sector Net Borrowing of £176 billion, and Public Sector Net Debt of £986 billion, in 2010-11. 10 December 2009: Alistair Darling puts in a bizarre performance on the Today programme, claiming that the PBR implies that departmental budgets would remain “pretty much flat.” 10 December 2009: The IFS works out
