ALT Quote from IFS Senior Research Economist: "Both parties [are] avoiding the reality that they are effectively signed up to sharp spending cuts, while arguing over smaller changes to taxes and spending. The one exception is Labour’s plan to borrow £23.7 billion over five years to spend on green investment, which will make a promise to get debt falling harder to keep. On the basis of the March Budget forecasts, it looks as though it might still be just about consistent with the fiscal rule – at least on paper. It remains to be seen whether that will still be the case come the autumn."