Economical with the truth

Despite living through the last 14 years of New Labour I admit to being surprised at the extent of the recent spin over economic policy. It is amazing (although I know I should not be surprised) that suddenly the Prime Minister and his Chancellor tell us that this was part of the master plan all along; the massive borrowing and mountains of debt was all for a logical, sensible reason. It was all because that's what Keynes advised governments to do in a downturn.

I think most of us are finding that a spin too far, even allowing for Peter Mandelson's recent return to the fold.