Tory Risk To Recovery

• The past few days have exposed the disarray in Tories' economic plans. The only thing that is clear is that they threaten to choke off the recovery.

• As Peter Mandelson said:
  
  "The Conservative leadership's plans for the economy are far from clear. In the coming financial year, starting two months from today, planned investment will rise by £31 billion. David Cameron said this time last week we needed to tear up' these plans. But now the Tories seem to be on the move.
  
  "If he refuses to be clear, if he will not be honest, people will conclude that - for electoral reasons - he is hiding the truth and that the Conservatives' proposed cuts will indeed eat into the recovery and throw Britain back into recession and lost jobs.
  
  "We are just seeing the early signs of recovery, but the road ahead will be bumpy. That is why we cannot take risks. The economy needs continued support until the recovery is fully locked in. That is why Labour are leaving Government spending and investment in place for 2010/11. It can't be clearer."