Gordon Brown and the Labour party are tying themselves up in knots over public spending. Their line that the election will be a choice between Labour investment and Conservative cuts is being laughed at in every corner of the media.
But even if it were true what would that mean?
If Labour are really going to increase spending where would they get the money? The interest payments on the national debt are going through the roof so additional borrowing isn’t an option available to them. The only other option is a huge increase in taxation.
So what is it going to be Mr Brown, honesty about public spending cuts or do you have a plan for a major hike in taxation? I think we should know.