Balls woos Cable, in Plan B plea to “sensible people in the government”


 

Ed Balls has followed Ed Miliband’s lead with fresh overtures to Vince Cable, saying he wants to “work with other parties” in search of a “bold plan to get our economy moving”.

Ed-Balls-Vince-Cable
In a column in tomorrow’s Sunday Mirror, the shadow chancellor writes:

“The country cannot afford to wait until the next election before we get a change of course. Because the longer ministers refuse to act, the more long-term damage will be done to our economy. That’s why I want to work with other parties – including sensible people in the Government – on a new economic plan.

“In his heart of hearts, Lib Dem Business ­Secretary Vince Cable must know that Plan A is not working. After all, before the last election, he warned – with Labour – that David Cameron and George Osborne’s policies would backfire. And sadly our warnings came true.”

Policy-wise, he adds:

Let’s work together on new ideas to create jobs and build our way out of recession. Let’s boost construction jobs by bringing forward infrastructure projects – including building thousands more affordable homes – and cutting VAT on home improvements to five per cent.

“Let’s look at setting up a new British Investment Bank to help businesses get the credit they need to expand. And why don’t we tax bank bonuses to fund a job for every young person unemployed for more than a year?

“I am clear no single party has a monopoly on good ideas. Vince Cable has suggested a mansion tax on homes worth over £2million. So, at a time when people on low and middle incomes are bearing the brunt of the Government’s tax rises and spending cuts, let’s look at whether that could work, too.”

Earlier this week, Miliband revealed he was in regular text contact with Cable, saying:

“I exchange texts with lots if different people. Wisdom doesn’t reside in one particular party.”

The business secretary himself, meanwhile, is set to launch the coalition’s industrial strategy in London on Tuesday. The Government will pledge millions of pounds of support for key industries in the latest attempt to answer demands for a clear growth strategy.

Looking ahead, he tells tomorrow’s Sunday Telegraph:

“Government makes decisions every day that affect the British economy, but has for too long done this in a chaotic, ad hoc way.

“There is not a large company in the world that would proceed in such an unplanned manner. Just as business makes its strategic plans and sticks to them, later on this week I will set out a strategy for the future of British industry – a long-term approach for the future, where government and business working together will have real impact.”

With delicious timing, both Mr Balls and Dr Cable are due to appear on The Andrew Marr Show on the BBC tomorrow morning.

This entry was posted in Sustainable Economy and tagged , , , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.
  • robert naether

    Labour is not winning the battle of getting people to believe it has idea’s, people in the past not so much now, saw Cable as the one who had the idea’s sadly since he’s been in the Tories he has been attacking labour at regular intervals.

    So now we have a labour government who cannot get the public to trust it, so they see Cable as the chap to get on side, but the problem is of course if Cable had bright ideas and people believed him, then the Tories would not be in this mess, the Tories would be miles ahead.

    Labour think if they can get Cable to say yes me and my mate Balls can do it then Cameron will sack him, and then the coalition would fold and labour would be ready for an election.

    And pigs will fly, I know I saw them fly to America to make millions.

  • Newsbot9

    Pathetic, Balls.

    “You know you’re not really behind a plan you’re in law and custom collectively responsible for”.

    Just…Pathetic.