http://www.bbc.co.uk/news/uk-politics-15054705
Ed Balls' answer to the debt crisis was largely welcomed by Labour Party members in Liverpool.
Predictably, the Shadow Chancellor urged George Osborne to change course and alter the speed and extent of cuts in public spending.
However, despite admissions during his speech that Labour had made mistakes with economic policy, Ed Balls
has come up with a road map that could possibly make things worse before they get better, with more spending of money we don't have and increasing the already-enormous budget deficit even further.
With his strong links to Gordon Brown, Balls is associated with all the economic mistakes of the last Labour government.
I'm firmly of the view that Ed Miliband should have looked elsewhere to fill Alan Johnson's shoes as Shadow Chancellor.
I am not at all sure that Labour can win back the electorate's trust on the economy with Ed Balls in charge of the Treasury.
No comments:
Post a Comment