Cuts will prolong the collapse in government revenues

Immediate general cuts in public expenditure will prolong the collapse in government revenues caused by the recession, forcing the government to raise taxes sooner.

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What should Labour do next?
Who should lead Labour into the next General Election?
Gordon Brown
Changing leader means snap election against party/national interest
An immediate election is not in the national interest
Immediate Conservative victory is not in national interest
Tories will seek to cut public expenditure deeply immediately
Immediate deep cuts in public expenditure aren't in national interest
Immediate cuts will bring forward need for increased taxation
Cuts will prolong the collapse in government revenues
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