A Strong Voice for Croydon Central - Gavin Barwell MP
Home
News
Help me
Campaigns
Biography
Expenses
Contact me

Ed Balls in denial
30/01/2014 10:43:00

 
 

I’ve just caught up with Ed Balls’ interview with Andrew Marr on Sunday. It really is the most incredible performance. There’s a series of incredible statement but the pick of them is when he is asked if he thinks spending was too high under the last Labour Government and he replies:

“No I don’t. Nor our deficit, nor our national debt”.

You can argue whether spending was too high or not - it depends on your view as to whether it is good or bad for the economy for the government to spend nearly half the economic output of the country. But what is unarguable is that it was stupid of the last Government to run a deficit before the recession struck.

Labour like to pretend that the deficit is all the fault of the bankers - that everything was going fine until the banking crisis hit and that they then had no choice but to spend lots of money to save the economy. But those of us who think Brown, Balls and Miliband wrecked our economy don’t take issue with what they did once the crisis hit: our argument is about the mistakes they made beforehand during the good times. They changed the system for regulating the City and, worse, they ran a deficit (they spent more money than they were raising in taxes), so when disaster struck the deficit ballooned to record levels. If they had been running a surplus, the deficit wouldn’t have got out of control.

Virtually everyone accepts this - even Tony Blair has admitted that with the benefit of hindsight Labour got this wrong. But Ed Balls can’t bring himself to admit it.

Why does this matter? Because when you’ve lost power the one thing you have to do in order to stand any chance of getting back into power is show people that you understand why they voted you out, that you have learnt from your mistakes. Ed Balls’ comments at the weekend show that he has learnt nothing. He got in wrong and he’s still in denial about it.

Comment on this blog

 

Readers' Comments

On 04/02/2014 08:46:00 Jim wrote:
As Margaret Thatcher said, the problem with socialism is that eventually you run out of other people's money.

But if the government were serious about deficit cutting, how about cutting HS2? How about leaving the EU? How about lighting the bonfire of the quangos?

 
 

 

 

 More Blog Posts
03/04/2017
Friday night's attack on a 17 year-old asylum seeker
  Read Story
23/03/2017
Reflections on yesterday's attack
  Read Story
15/03/2017
IVF services in Croydon
  Read Story
02/03/2017
Government backs upgrade of London to Brighton railway and refuses to fund BML2 concept that would be bad news for Addiscombe in particular
  Read Story
27/02/2017
Spot the difference
  Read Story
21/02/2017
Second interim report on Croydon tram crash
  Read Story
07/02/2017
Fixing our broken housing market.
  Read Story
02/02/2017
Government provides £14m for refurbishment of Fairfield Halls and redevelopment of College Green.
  Read Story
02/02/2017
Southern Rail latest update
  Read Story
31/01/2017
How I will vote on the EU (Notification of Withdrawal) Bill
  Read Story

Full list of blog posts here

     
Gavin Barwell, House of Commons, SW1A 1AA, Tel  020 8660 0491      © Gavin Barwell  2017       Promoted by Ian Parker on behalf of Gavin Barwell, both at 36 Brighton Road, Purley, CR8 2LG