A lot of focus today will be on how Labour would cut the deficit (and perhaps how George Osborne actually plans to get it done rather than just talking about it, given the Item Club warning that deficit reduction will plateau). Ed Balls has been arguing this morning that Labour would ‘balance the books in a fairer way’ but he’s got to show this afternoon when he responds to the Autumn Statement that Labour really can persuade voters to trust the party again on the economy, especially now that he and Ed Miliband rank behind Farage on this matter.
But speaking of Farage, today is the first economic statement in the Commons where Ukip has had MPs sitting opposite the Chancellor. How will the insurgent party use its new parliamentary platform to scrutinise the Tories and to set out how Ukip would cut the deficit?
So far, if Ukip’s MPs do have a big plan for today, they’re not letting on beforehand.
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