The party has denied Osborne the chance to brand it irresponsible while also maintaining clear dividing lines on future cuts.
As Labour confronts the deficit problem today, the shadow chancellor warns his shadow cabinet colleagues that they will make cuts every year.
This is politics, Britain. You're welcome to it.
The party's plans would allow it to shield services from the worst. But for fear of appearing profligate it won't tell voters.
Having already trimmed Whitehall of fat, the next government will be forced to cut into bone. But no party will utter this truth.
Plan to fund extra £2bn a year through future underspends means spending promise is "a con", says shadow chancellor.
The Chancellor says he"doesn't have any plans" to increase the tax: the same phrase he used before the 2010 increase.
The Labour London mayoral hopeful wants higher tax bands introduced by local councils.
Ed Miliband is expected to announce the policy in his conference speech tomorrow.
Trouble for a future Labour government.