Brown to tax us more to save us.
The Prime Minister instead said that he would spend to get the economy moving.
Some ministers privately believe that Mr Brown should be prepared to talk about cutting spending as the Government's debts mount.
The Treasury has forecast that spending will exceed tax revenues by £43 billion this year. But independent economists say borrowing is likely to be as much as £90 billion
"We are spending more to get the economy moving." Mr Brown admitted that "hard and difficult times" lie ahead as tax revenues fall and welfare bills rise.
The Prime Minister said: "The issue for me is what we can do to help hardworking families in our country - what we can do to help people facing high petrol prices high gas and electricity bills, people seeking mortgages and small businesses worried about their cashflows."
And the biggest brake and drain on the economy of small business and ordinary people are taxes, what are you going to do about them? Increase them!