Cameron has shifted the spending debate to Labour’s home ground – but the Tories still have an aggregate lead

So, is David Cameron’s shift in emphasis on spending cuts a u-turn, a clarification, or something else?  Well, when it comes to existing Tory policy, it doesn’t actually change much.  We were always rather taking it on trust that Cameron & Co. would cut spending by much more than Labour this year.  The cuts they’ve announced so far aren’t really that much deeper – and most folk in Tory circles were waiting for George Osborne’s potential Emergency Budget to see whether that would change.  So, when Cameron says that his party wouldn’t introduce “swingeing cuts” this year, the position is still remarkably similar: we still need more details to judge the true extent – not the publicised extent – of any Tory cuts.

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Which means that, for now, the change is more presentational than anything else.