No turning back: Balls stays firm on cuts, pay, and the deficit
Ed Balls defended Labour’s new direction last night, insisting he would not make promises he couldn’t keep and could be trusted to make the big decisions.
George Osborne
Memo to Osborne: Jobs and growth will cut the deficit. Please listen
Cormac Hollingworth explains to George Osborne how rising unemployment and recession are increasing the deficit, and how jobs and growth will cut it. Simples.
“Delivering fairness in difficult times”: Miliband outlines the “new reality”
Ed Miliband will today warn only Labour can deliver fairness in straitened times, and that whoever wins the next election will have to deal with a big deficit.
Grim economic news II: OECD cut UK growth prediction. Again
Alex Hern follows up yesterday’s economics round-up with another day of bad news. This time the OECD and Fitch have joined in, both predicting a slow-down.
What exactly did Cameron get from the EU summit?
It now looks increasingly likely the EU26 will be able to use the full spectrum of European Union institutions, undemining David Cameron’s summit ‘success’.
George Osborne is the downgraded chancellor of a deflationary government
William Bain MP details the four basic realities about the British economy which the government is ignoring, to its peril – as well as all of ours.
There’s no prize in Sorrell’s race to the bottom
Alex Hern explains why Sir Martin Sorrell’s feint over corporation tax is empty: he has no jobs to offer us, and wouldn’t pay any tax even if he did move back.
Balls mocks “Panglossian” Osborne over Bullingdon, growth and Boris
Ed Balls took aim at George Osborne during a raucous, six-hour debate on the economy in Parliament yesterday, reports Shamik Das.
The SNP one-ups Osborne on infrastructure investment
Ed Jacobs writes about the Scottish infrastructure investment plan, announced mere days after the Conservative one.
The perversity of Dan Hannan and the “there are no cuts” brigade
Daniel Hannan and that ‘there are no public sector cuts’ brigade are being perverse. By their framing, we could end up much poorer & they could declare victory.