David Cameron has said voters face a clear choice between “competence and chaos” as they weigh up Labour and Tory plans to deal with the deficit.
The prime minister said Ed Miliband’s looser spending commitments could add £500bn to the national debt in the long term, which would mean taking “a massive gamble with our future”.
Scaremongering, or a fair assessment of the economic battle-lines?
There’s no dispute that Labour’s targets on reducing the deficit and cutting national debt are looser than Conservative plans.
The Conservative chancellor, George Osborne, wants to eliminate the deficit by 2018 and run a surplus of £23bn by 2020. (more…)