P134 CEEFAX 134 Fri 8 Apr 21:14/24       POLITICS  LABOU5 POLICY "TO BE COMMON SENSE" Labour chairman David Blunkjtt has warned the party against "exceu3ivj caution" in debating future policy. Labour has "exposed the deceit" the Tories perpetrated, hj began. But "the pendulum must not swing too far the other way", hj insisted "In avoiding Tory traps on spending commitments" Labour must not "fall into the trap of re-running the 1992 election in 1996," hj said. He urged a future based on "common sjnsj", not "extravagant promises".  Next News Main News Flash Finance