David Cameron’s moral mission on public spending

David Cameron’s speech on the economy today is designed to hit Labour on its weak spot again: reminding voters that while this government is trying (with varying levels of success) to cut public spending and hack back the legacy of debt for our children, Labour wants to borrow more. Ed Miliband and Ed Balls will say they won’t borrow a penny more on day-to-day spending, a linguistic sleight of hand which leaves them with plenty of leeway to borrow tons more for capital spending. But still they try to criticise the Conservatives each time official figures appear showing government borrowing levels.

The Prime Minister wants to remind voters that no matter how critical Labour is of this government’s borrowing, Miliband and Balls want to borrow even more. He will say:

‘If we don’t get to grips with the deficit now we are passing a greater and greater burden of debt to our children.