Quote:
Originally Posted by Chrysalis
ed balls to be fair was right, and was ignored by the bbc presenter in that confidence is the biggest factor of all in an economy, if people are not confident then they will not spend. So what the public sector actually spent is completely irrelevant as the public are all thinking about cuts instead.
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The confidence is there, all the confidence measures are far better than the GDP figure suggests, that's why it was such a surprise.
Ed Balls will happily ignore that, he's busy rewriting history to engage in his gloating and push his denial agenda. To do otherwise admits that his and Brown's economic strategy was wrong, and nothing quite sums up that side of New Labour quite like the utter inability to admit to getting anything wrong.