Tuesday 18 November 2008

Tories say they can't match Labours spending plans

Cameron has said he want to "set a new path" and wants build a "low tax, low debt economy for the long term".

The Conservatives are dropping their pledge to match Labour's spending plans for 2010/11.

He accused Prime Minister Gordon Brown of planning to "throw money at the crisis in the faint hope that this will help recovery".

He warned that Gordies "fiscal stimulus" would lead to higher taxes in the long run - he said a £30bn injection to the economy would mean an 8% rise in income tax later.

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