Blair: Labour must not ignore deficit

Thursday, 2 September 2010 12:00 AM

Tony Blair writes in his memoirs about deficit reduction and the Labour economic strategy:

"If Labour simply defaults to a 'Tory cutters, Lib Dem collaborators' mantra, it may well benefit in the short term; however, it will lose any possibility of being an alternative government.

"We should also accept that from 2005 onwards Labour was insufficiently vigorous in limiting or eliminating the potential structural deficit ... Labour has no option but to be credible in its own right. That means, as I say, having a coherent position on the deficit."

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