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The energetic shadow chancellor is challenging the coalition's missteps at every turn.
Tags: Ed Balls George Osborne
06 April 2011 at 10:01
@ Luddite, the alarm you feel at the emergence of Ed Balls and his obviously economic abilities is almost palpable through the monitor.
NO!! Graice, it's not alarm it's bloody horror, the very thought of Mr Balls anywhere near that little red box fills me with terror. Even now the specter of New Labour haunts this land. At a time of painful austerity. Britain is to be presented with a bill of over £3 billion to bail-out the Portugueses failing economy. A commitment made by the previous Labour chancellor.
'emergence of Ed Balls and his' 'obviously economic abilities'?
Have you being asleep like some modern day rip van winkle. Mr Balls is one of the very architects of this financial crisis in which we find ourselves. Go back to bed!!
I found the report "The Building Schools for the Future Programme: renewing the secondary school estate" Press release at: http://www.nao.org.uk/whats_new/0708-1/0809135.aspx
It hardly supports the idea of billions of pounds being wasted.
"78 per cent of Local Authorities and 86 per cent of companies involved in the Building Schools for the Future (BSF) programme believe that it is leading to more strategic procurement of school infrastructure than previous school building programmes."
"Early evidence shows that Local Education Partnerships can lead to time and cost savings, ..."
Apologies for two comments in the space of one week, especially when the malt whisky has taken effect.
Ed Balls is an opportunist. He was busy talking to Mehdi Hasan about fiscal multipliers but fails to see that its too late for this debate. The UK's debt is too large, the taxes too high, the regulation too onerous and the private sector too small to shift the economy to a growth path.
Will the Bank of England (newly independent under Balls's initiative) help out? No. It failed in the boom, failed in regulating the banks (Balls/Brown fault) and is gambling with inflation in the hope that debt is worked off 'a la Japan'. It's failed again.
So after Balls' track record of bad regulation, higher income inequality (during a boom), collapse of manufacturing sector, surge in public sector employment and fall in social mobility, the man wants a second chance. No chance.
The Tories have nothing to worry about, except George Osbourne, who sounded too much like Gordon Brown in the last budget. Too many gimmicks and not enough reality.
@ Indu Pendent
"Spending on buildings above a basic minimum does not result in higher education standards.
Peformance Management Systems & less protected employment rights for teachers does raise standards as does competition between schools.
The former wins votes but the latter irritates the unions. It explains Labour's motivation"
The funny thing is you're kind of right in every regard except for it "explaining Labour's motivation".
Infrastructure-building has a certain effect on economic demand. This is an economics blog, you know? Economics? Anyway 9 out of 10 troll points.
You are having a laugh!.... Ed Balls has got NO Tories on the run!
I respect Ed Balls are think he would be the better choice of Leader of the Labour Party!!!!
I want to see more Punch-and-Judy-Politics at PMQs; Ed Balls v Prime Minister David Cameron(Heavyweight campaign Statesman of the World!) It's be like Mike Tyson v Frank Bruno!
David Blanchflower is economics editor of the New Statesman and professor of economics at Dartmouth College, New Hampshire