Ed Balls to make another £17 billion of spending promises.

Ed Balls is speaking at the Labour Party’s conference today.

He will make over £17 billion worth of spending promises- while outlining cuts that are just a fraction of that.

This speech isn’t a serious plan for the economy – Labour would put the deficit up, not down.

The savings outlined on ministerial pay only cut a miniscule fraction of the deficit – less than 1 per cent of 1 per cent. And it comes just days after the IFS said Labour’s economic policy means £28 billion extra borrowing.

For all his bluster, Ed Balls still refuses to admit that Labour spent too much and he’s opposed every decision we’ve taken to cut the deficit. All a Labour government would offer is more inefficient spending, more taxes and more debt than our children could ever hope to repay.

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