These are the numbers from the YouGov poll taken after George Osborne's speech:
CON 43% (+2) LAB 29% (+1) LD 17%(-1)
It appears that being straight with the British people doesn't hurt politically. This puts Labour in a bit of a bind. Can they credibly keep to their ostrich-like denial that the nation's debt is a problem? If they do then they sound dishonest, and a bit ridiculous. Bear in mind that every serious commentator and most newspapers accept that there is a debt crisis. Of course they could have a Damascene Conversion, but then they will be seen to follow the Conservatives, again.