Ed Miliband will set out a new direction for the Labour party under his leadership on Tuesday by saying that the unprecedented and unexpected landscape at the next election will require it to address the deficit and make decisions "all of us wish we did not have to take".
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He will stress that the persistence of the deficit does not mean Labour has to abandon its distinctive agenda, but instead rethink it. He will say: "Each time New Labour won an election, we came back to power with a growing economy. Next time we come back to power, it will be different. We will be handed a deficit. Whoever is the next prime minister will not have money to spend. We will have to make difficult choices that all of us wish we did not have to make."
Labour: maybe sucking slightly less than the other guys for the past 8 months or so.