An End to the Borrowing Binge

David Cameron warned yesterday about the Labour borrowing binge which will eventually have to be paid for through higher taxes.

We have always been the low tax Party ... and so it was great to hear the Leader talk about fiscal responsibility and permanent funded tax cuts with the Conservatives. We are in a recession right now, but we want recovery as quickly as possible. We therefore need to start managing public spending better so that we can get the economy back on that road to recovery.

As a Party, we are now not going to match the Labour unsustainable spending plans for 2010 and beyond. It is not affordable. We need to stop the growth in spending or there will be huge tax rises in the years to come.

There is a clear choice between Labour and Conservative. Labour with more economic mismanagement and the same old short-term policies....or the Conservatives with a long-term vision which is more responsible, more balanced with new ideas for the future.