THIS is what the Conservative Party manifesto 2010 said about the economy:
After a decade of mismanagement, the UK entered the recession in poor shape, with the second biggest budget deficit in the developed world. We have been honest about the scale of the problem, and the actions we will need to take to deal with it.
So, that’s clear, then: for ten years – since 2000 – Labour mismanaged the economy.
And now over to George Osborne, speaking in September 2007, 70 per cent of the way through that “decade of mismanagement”:
George Osborne vowed last night to stick to Gordon Brown’s plan of increasing public spending by 2 per cent in real terms over the next three years.
“Today, I can confirm for the first time that a Conservative government will adopt these spending totals,” the Shadow Chancellor said.
“Total government spending will rise by 2 per cent a year in real terms, from £616 billion next year to £674 billion in the year 2010/11.”
So, while believing Labour “mismanaged” the economy, Osborne and Cameron nevertheless signed up to our spending plans. And then claimed that Labour were 100 per cent responsible for the deficit.
Well, as I’ve said before, consistency in politics is overrated. Osborne obviously believes the same about honesty.