Ed Balls

Wookster

Just listening to him live now.

Blaming inflation on the the current government. Who initiated QE? Who ran deficits? (both inflationary policies)

Thinks that the additional Tory cut in spending has contributed to an additional borrowing of £100bn over the next 5 years.

OMG how can anyone trust these muppets?

Wookster

And now he talks about value for money.

You couldn't make this up...

abaxas

We should ban government debt longer than term of office.

That way, we would never hear from him again.

smartn

Wookster wrote: »

Just listening to him live now.

Blaming inflation on the the current government. Who initiated QE? Who ran deficits? (both inflationary policies)

Thinks that the additional Tory cut in spending has contributed to an additional borrowing of £100bn over the next 5 years.

OMG how can anyone trust these muppets?

Unfortunately I think the Tories have done enough in the Autumn statement to ensure they wont be re-elected for another term. God help us when labour get back in.

Thrugelmir

smartn wrote: »

Unfortunately I think the Tories have done enough in the Autumn statement to ensure they wont be re-elected for another term.

Maybe the reality of the situation will finally sink in. Little point in moaning just got to get on with clearing up the mess.

wymondham

Yes everyone was to blame for this ... as long as the good times rolled they were all happy to ignore the signs... nothing ever changes..

LauraW10

Wookster wrote: »

Just listening to him live now.

The Labour Party were right. All the coalition have done is rack up vast amounts of debt and put millions on the dole.

Who knew? Well the following are just a few....


Paul Krugman

http://www.guardian.co.uk/politics/2010/oct/22/paul-krugman-condemns-spending-review

Danny Blanchflower

http://www.newstatesman.com/blogs/david-blanchflower/2011/11/nothing-economics-european

Joseph Stiglitz

http://www.independent.co.uk/news/uk/politics/osbornes-first-budget-its-wrong-wrong-wrong-2011501.html




Useless Tories.

I feel sorry for you Wookster having to be a cheerleader for the government. At least one of the coalition needs to read an economics text book......

Aberdeenangarse

LauraW10 wrote: »

Useless Tories.

I wonder what Labours Austerity measures would have been?

LauraW10

Aberdeenangarse wrote: »

I wonder what Labours Austerity measures would have been?

The Labour party, or any party with politicians with half a brain between them, wouldn't have decimated consumer and business confidence within a week of coming into office...

julieq

Mind you we are paying less to borrow than Germany, so someone thinks we're on the right track.

And actually there are not millions more on the dole under the coalition. Unemployment has increased only marginally from the levels it reached under Labour.

The big issue that's prevented the recovery here is the debt crisis in Europe, which is essentially countries behaving as Balls would have us behave - ignore the debt and carry on spending. This is gradually being sorted out, but it's pretty dumb to suggest we do that here. Once we have growth and spending reductions cut in properly we'll be in a better position than we would have been otherwise. You can't unfortunately dig yourself painlessly out of this sort of situation, and claiming you can is disingenous.

IronWolf

LauraW10 wrote: »

The Labour party, or any party with politicians with half a brain between them, wouldn't have decimated consumer and business confidence within a week of coming into office...

Oh stop talking nonsense. The Confederation of British Industry is 100% behind the austerity measures, which has over 240,000 businesses as members. And Labour would have implemented similar austerity if they had got into power despite their opposition to every cut the government does.