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The Labour government's current approach to economic policy is drawing comparisons to the Liberal Democrats’ coalition experiences in 2011, highlighting the tough choices that governments face regarding borrowing and spending. Acknowledging the limitations of fiscal policy, Labour's response to financial pressures demonstrates a recognition of the need for credibility in economic planning, particularly after recent market turbulence. Critics point out that despite proposed tax increases, Labour's strategy suggests a higher borrowing plan than originally inherited, which raises questions about long-term sustainability. This presents a challenge for the Labour party as they strive to manage public expectations while navigating difficult economic realities.