Labour "cuts"

Even as a teenager in the 1980s I worked out that the Labour party's accusation of Tory cuts when all that was happening was that that the size of the planned increase in spending was being reduced not actual spending. Oddly the BBC never seemed to work this out, or rather decided to push the Labour line.

Now that the Institute for Financial Studies is reported to have

"worked out that the revised 1.2pc growth rate of public spending, coupled with the freeze in capital investment means Gordon Brown will have £37 billion less to spend on services than initially planned in future years."

will the BBC be running a similar scare campaign? Somehow I doubt it.