I could not believe what Gordon Brown was saying this morning, that Conservative tax cuts didn't count because they were "funded" - that is, paid for by savings elsewhere.
Never mind that the mechanism by which David Cameron and George Osborne hope to pay for their fiddly, complicating tax break for companies hiring the unemployed is purest sky-pie, namely the savings on benefit payments.
For Brown to advocate unfunded tax cuts - that is, paid for by more borrowing - suddenly takes us into the political economy of Alice in Wonderland.
The clear blue water is now here
Brown hints at big tax cuts paid for by higher borrowing. It is a complete reversal of his previous rhetoric, even if he hasn't stuck to it since about 2003.
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