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.