The Tories' safety-first strategy
Published in: Daily Mail
The Tories are about to magic a rabbit out of their hat. They are going to show us how they can promise simultaneously to shrink the size of the state while guaranteeing to increase public spending on hospitals and schools.
In a keynote speech today, the shadow Chancellor, Oliver Letwin, is expected to say the Tories will reduce the projected increase in public spending to less than the growth in the economy. At the same time, 'very substantial' promised increases in spending on hospitals and schools will be offset by savings in administrators and red tape.
Expect an immediate war of the calculators as the Tories and their detractors clash over whether Mr Letwin's sums add up. Already, government sources have gleefully claimed this is all a muddle, and that the Tories' proposed