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Mandelson: Labour must focus on balancing books

LABOUR should pledge to slash public services and “balance the books,” former cabinet minister Lord Peter Mandelson said yesterday.

Mr Mandelson told BBC1’s Andrew Marr Show the party must fall in line with the “reasonable and sensible” plans set out by Ed Miliband and Ed Balls.

The Labour peer, who was once dubbed the “prince of darkness” and served intermittently in the cabinets of Tony Blair and Gordon Brown, said: “We can’t sustain the level of borrowing and indebtedness that we have at the moment.

“At the end of that parliament you will see the books balanced on current spending and, if growth goes well, I think we will have a surplus as well. That is where the centre-ground of British politics is.”

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