But hasn't KS just confirmed that taxes need to go up further to avoid austerity? And changed the borrowing goal posts so that we can borrow a whole lot more (i.e put us further into debt).
It too could be seen as a huge throw of the dice. Conservatives methodology was tightening belts and wrestling to avoid taxes going up even further as oppose to Labour methodology of being prepared to spend more and increases taxes further.
If this s**t goes horribly wrong and the economy does not grow as anticipated, in 5 years time we end up with an even bigger mountain of debt and an even higher tax regime.
Time will tell, I guess.
Edit : And why don't Labour just reverse the naughty 2% NI reduction introduced by the Conservatives? It wasn't necessary and costs £20 billion. Labour say they will have to make hard decisions but for me this is the easiest of the lot. Sorry people, but we have to put NI back to where it was 12 months ago because it should never have been reduced and you will all be back to a situation you where used to for years and years anyway. Of course it would grate will the public, but the argument is sound.