Two central principles will guide our approach. First, meeting the golden rule for borrowing. Over the economic cycle, the government will only borrow to finance public investment and not to fund public consumption.
Second, alongside this golden rule commitment, we will keep the ratio of government debt to GDP stable on average over the economic cycle and at a prudent and sensible level.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Gordon Brown, Brian. This formed his 'golden rule' when presenting his economic case in opposition.
In government he ignored it. At first he tried to 're-draw' the boundaries to make it appear he was sticking to it but in reality he just did not bother with it. The ONS figures speak for themselves.