We must tax and invest, because the only way to face the challenges that this country faces is to invest in the skills and education of our next generation, and the only way to do that is to have the guts to use those tax powers now. 16:15 Alex Rowley knows that I respect him as a politician of integrity and no friend of the Tories, but he is letting the Tories off the hook if he tries to pin the Parliament down to plugging the black hole of austerity in advance of the budget in November.