The choice between Labour and the Conservatives

Labour Business Secretary, Lord Mandelson, has made a speech to the think tank Progress outlining the Labour Government's approach to the economy.

Outlining Labour's committment to be "wise spenders", he said:

"There is a real choice to be had between the progressive reform offered by Labour and the ideologically-driven retrenchment and deep cuts offered by the Tories.

"Between policies to achieve economic growth, and the Tories’ abandonment of these in favour of “free markets”.

"And between Labour’s priority of middle Britain and people’s needs for accountable public services, and the Tories’ desire to cut taxes for the wealthy few.

"But Labour will only win this argument by demonstrating its continued commitment to fiscal responsibility and remaining the change-makers in British politics."