Mandelson to set out election line on spending

By Alex Smith / @alexsmith1982

Peter Mandelson will this morning outline Labour’s priorities for a new government and say that the party will focus on “wise spending, not big spending” to help reduce the defecit.

In the speech to Progress, he will contrast Labour’s approach with the Tories’ “slash and burn ideological zeal”, with “deep, savage, indiscriminate across-the-board spending cuts.”

I will be live tweeting from the speech, so you can keep track of announcements here:

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