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Old 03-12-2014, 16:13   #20
Chris
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Re: Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes

Quote:
Originally Posted by Ignitionnet View Post
Ed Balls' response has been abysmal so far. Absolutely abysmal.
He has an impossible task.

Unemployment is going down, employment is going up, the economy is growing. You can argue that it should have been better than this, but Labour spent the first three years of this parliament predicting that it would be a whole lot worse - and it hasn't been. They don't look like a credible government-in-waiting and Balls know it.

edit

Oh, and all the carping about Tory cuts, Tory cuts, Tory cuts is about to come home to roost as well. You can't easily spend 5 years making out that cuts are the definition of evil, when you know you're going to have to go into the 2015 election acknowledging that you will ... er .. have to make quite a lot of cuts.

Of course, Labour bet the farm on things going so horribly wrong between 2010 and 2015 that they could get back into power almost by default. I wonder how they think that might work out for them now.
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