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Extra borrowing will mostly fill the gap.
Instead, his extra borrowing funds more day-to-day spending.
It's essentially Osbornomics plus £100n of extra borrowing.
The £122bn of extra borrowing announced today may take some swallowing, though.
These low interest rates fuelled extra borrowing capacity, some of which fed into house prices.
So it could be that extra borrowing is born of distress rather than confidence.
Instead of offering reassurance on the deficit, we were offering extra borrowing.
Q: How much extra borrowing is in your plans compared to after the election?
Mr Brown explicitly admitted that any measures the Government brings forward will be "unfunded" and require significant extra borrowing.
Labour wants to attack the government for its extra borrowing due to the slower-than-expected recovery, but clearly fears any solution that involves extra borrowing will not resonate with voters.
And the starting point for extra borrowing on credit cards and loans is already 10% more each year.
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