This afternoon we will find out how the Government plans to spin itself out of the financial mess it has got itself into. A clue comes in this morning's Sun, where George Pascoe-Watson writes of the planned new 45p top rate...
"The squeeze on the rich is aimed at avoiding any tax rises for the rest of the population."
So that's how they hope to get away with it - pretend that a good old fashioned bit of envy politics will persuade ordinary earners that their taxes won't go up. Amazing.
This has nothing to do with economics - it has all to do with creating an Aunt Sally which they imagine will create difficulties for the Tories. Another example of Brown trying to play politics with a crisis he has been in large part responsible for.
The 45p rate will earn the Exchequer a maximum of £2 billion, although even the IFS reckon it could be way lower than that. So assuming a tax cutting package of £16 billion, how is the £14 bn shortfall going to be made up?
Because if they have been specific about the 45p figure, they will presumably be as specific for the rest of us. Don't bet on it.
And I so look forward to an explanation of why, when the government was predicting a PSBR of £30 billion, they are now quadrupling it to £120 bn, giving Britain one of the highest rates of borrowing in the developed world.
But remember that we are best placed of all our competitors to withstand the downturn. That must be true because Gordon Brown tells us so.