This ad from Ken Livingstone is to appear in the Evening Standard later today. The message that Labour is trying to convey is that if you vote for Livingstone he will give you Â£1,000. Nice. But, how can anyone believe Kenâ€™s promises?
Will he pay for this with more government grant? No.
Will he be able to borrow more to pay for this? Maybe, but it would take a lot of cooking the books. Probably no, but not beyond belief.
Will he bear down on TfLâ€™s cost base? Boris is already doing this prompting big complaints from the unions. Do we see Livingstone making progress with this? No.
The Labour line is superficially attractive. Free money always is. If they canâ€™t explain in detail how they will do it then it is just a line. We have had enough of those from Labour. Today Miliband is trying to convince us that Labour gets the deficit. The same day Livingstone sticks up two fingers and says â€œLetâ€™s dish out the doshâ€.