Good to see Gordon condemning "off balance sheet activity" as being the sort of irresponsible accumulation of unquantified but enormous long-term debt that has led to the current excitements in the markets.
So presumably he will now insist that the Chancellor reviews the way in which PFI liabilities have been kept out of the UK accounts. If he's so keen on "cleaning up" the damage caused by the regulatory regime that he himself created, surely he will also wish to lead by example and ensure that the public accounts are similarly cleansed.
