Are two Eds better than one?
The appointment of Balls is a superb move by Miliband.
By Mehdi Hasan Published 20 January 2011 19:10
Alan Johnson's departure has shocked hacks and politicos alike. I'm told that AJ told Ed M he'd be quitting "several days" ago -- in the words of one shadow cabinet minister I spoke to, "I'm amazed it didn't leak out earlier."
Whatever Johnson's "personal reasons" are for quitting the Labour front bench -- and I suspect we'll know in the not-too-distant future -- I'm delighted to see that Ed Balls, Labour's pre-eminent economist, has succeeded him. I made my own views clear in a column ("Only Ed has the balls for shadow chancellor") back in September 2010:
Balls's speech at Bloomberg in the City of London on 27 August, in which he set out a coherent and credible alternative to the coalition's fiscal sadism, has since been hailed by respected commentators such as Martin Wolf and Samuel Brittan of the Financial Times as well as leading Keynesian economists.
Memo to the Milibrothers: be bold. Ignore the deficit hawks, the Tory partisans and the faint-hearted on your own back benches. There is no alternative to Ed Balls as shadow chancellor at this time of national emergency.
So Balls's time has, finally, come. And he won't be needing an economics primer or textbook to help him prepare for his new brief. He was born to be shadow chancellor in an "age of austerity" and a Tory-led government. I suspect Theresa May will be delighted to see the back of this tenacious Labour attack dog; George Osborne, meanwhile, will be rather nervous to face Ed B at the next Treasury questions in the Commons. In the words of one wag on Twitter:
What's that I hear? Must be George Osborne's knees knocking together . . .
The problem Balls will have, however, is how to reconcile his own oft-stated and legitimate Keynesian criticisms of the Alistair Darling deficit-reduction plan -- ie, halving the deficit over four years -- with Ed Miliband's and Alan Johnson's adoption of the Darling plan as official Labour Party policy in October 2010. Here is Balls speaking at Bloomberg last August:
I told Gordon Brown and Alistair Darling in 2009 that -- whatever the media clamour at the time -- even trying to halve the deficit in four years was a mistake.
The pace was too severe to be credible or sustainable.
As both history and market realities teach us, the danger of too rapid deficit reduction is that it proves counterproductive . . .
Will Balls have to swallow his views in the name of collective responsibility and deference to his party leader?
On a side note, Gordon Brown might be joining the Home Secretary in cracking open a bottle of champers tonight. The top four jobs on the Labour front bench -- leader (Ed M), shadow chancellor (Ed B), shadow home (Yvette Cooper) and shadow foreign (Douglas Alexander) -- are all held by children of Brown.
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47 comments
INDEED - BALLS AND BROWN ARE ALMOST ENTIRELY TO BLAME FOR THE CUTBACKS - IF THEY HADN'T SCREWED EVERYTHING UP IN THE FIRST PLACE WE WOULDN'T HAVE TO BE MAKING THESE CUTS - STICK THAT IN YOUR PIPE MEDHI - DON'T LIKE THE TRUTH DO YOU?
gnuneo
milliband is not fit to lick his boots.
balls may have been hoodwinked into supporting new labour, but millipede believes only in his own empowerment and egotistic glorification. A true child of Lord Meddlesome, and one without any values or indeed value whatsoever.
vote green
-
Well, not many agreed with you in the leadership election. Ed M got more than three times the first and second choice votes that Balls did. And on New Labour, Miliband only joined government towards the end of its time in power, Balls was at the centre of the New Labour regime that allowed deregulation of banking, was supremely relaxed about investment bankers becoming stinking rich, and left a generation without secure housing: he has a lot to answer for.
I am less enthralled by Balls than others. But Ed M has only just started in winning me back to Labour. It needs to ditch neoliberalsim for starters; it should top down reform banking, and not return to the irresponsible lending that Balls' wife, Yvette Cooper, called for after using our money to rescue those disgraceful, wealth destroying bankers.
Do not give way Miliband!
Ed didn't really have much choice in appointing Ed. So it wasn't that much an inspired choice. True, Ed did have a go at Ed in the Hustings, but then who didn't.
Still some weaknesses in the Shad Cab, though and we all know who they are, ut they should be resolved by natural wastage as it sinks in that Lbour is in for a long haul back into power and those 65+ will be calculating whether it really is for them.
But because Ed deliberately kept Ed out in the cold meant that Ed was a bit chastised and humbled towards his fellow members, and that is a good thing.
crabstix:
Ed M has just appointed hinself an unsackable shadow chancellor. Stupid boy. Those that fail to learn the lessons of history are doomed to repeat them.
------------
The Bolsheviks after the death of Lenin decided to learn from history and not elect a potential new Napoleon (Trotsky), they went for what seemed from history the safer, bet (Stalin).
It depends what lessons you learn from history, and sometimes not be trapped by them. It's gonna be crucial to Labour - and frankly all of us - for this team to work. And Balls may seem unsackable being the second appointment (although I do not understand how he is to be blamed for Alan Johnson's wife's behaviour), but Balls will make himself even less liked than he already is if he makes waves within Labour.
er, I meant: although I do not understand how Miliband is to be blamed for Alan Johnson's wife's behaviour
@gnuneo
And you know this how?
Vote Green, Get Blue.
BLAH BLAH BLAH BLAH - The rich will continue to get richer the poor will continue to get stuffed - bastard idealogue tory scum - or champagne socialist twitterati - it makes no never mind either way.
gnuneo,
I have met Miliband and seen him speak live. I promise and I say this with complete sincerity and honesty -I promise you, you are so wrong. If he only cares about his ego and has no principles then why was he willing to stick his neck out and turn the page on new labour. He didn't have to do that. I have connections to him and i can tell you that people close to him were impressed at how he was not changed by power, but how david was. Just look at his leadership style. He is a stark contrast from the egotistical and presidential style of blair. He has put an end to the new labour machosim and there is more discussion and democracy in the labour party now. I promise you, you are wrong and you will probably realise that a few years from now.
At least now Ed M will be able to enjoy his leadership ands not worry about the 2015 election, which he has thrown away.
Mehdi, we agree that Ed M is top dog on economic policy, but your attempt to make this a savvy move by Ed Miliband and not something forced on him by his colleagues, circumstance and the stupidity of his initial appointment of the charming but inexpert AJ won't wash.
This is not good for Ed Miliband and you should stop shamelessly spinning that it is.
newneo ? funny name for a green
guido is saying ed b let out the rumour of johnson affair
Back in 1997, Ann Widdecombe remarked "there is somethihg of the night" about Michael Howard.
What will Miliband utter in the future? "Et tu Ed?".
Balls will then proclaim:
"People and senators, be not affrighted; Fly not; stand stiff: ambition's debt is paid. "
Ambition indeed!
Ed Balls is a man of vision and courage. He has 3 great achievements. The independence of the Bank of England was his big idea. Also, while economic adviser to Brown during his decade as a successful Chancellor, Ed Balls resisted Britain joining the Euro, in opposition to Blair who wanted to join the single currency. Ed Balls was also instrumental in introducing the minimum wage. His appointment is good for the country. Ed Balls is a fighter. We need a strong Opposition govt with a credible economic alternative of growth and job creation, instead of cruel cuts and mass unemployment.
I think i just saw the names of Miliband and Balls brought into the company of Trotsky. Isn't it bad enough for Trotsky that he received an ice-pick to the back of his head from Stalin?
How many hospitals, schools, and town centres were built during Labour's period in government? Many more than in the Conservative 13 years of Margaret Thatcher and John Major. What! I thought they hadn't even fixed the roof. How come? More doctors, nurses, teachers, teachers' assistants - what a waste of money. Bank profits. May have to give 'em back. It's a problem. What a 'balls-up'!
Just Wait for Cameron's Virtual Big Society. What a Whitewash!
Ocham's Razor
Mary Nash writes, 'Ed Balls was also instrumental in introducing the minimum wage.'
Do you mean that if Ed Balls didn't exist there would be no minimum wage? This kind of fandom in politics is always embarrassing and is the last thing a socialist should go in for.
"I want to be a serf" - Hey, you can be with the Tories!
Start saving your hard-earned corn to barter it for health care. Enjoy.
The adverse remarks made by the staunch Tories over Ed Balls' appointment as shadow chancellor speaks volumes of their fear. They know that his economic knowledge and more aggressive approach will have Osborne exposed as the chancellor who chances our economy on the strength of a massive idealogical gamble which we all know will seriously damage the future prosperity of this Country.
Wag the finger of blame all you like at Labour over the lack of bank regulation, but ask yourself this; what has the coalition done to bring the banks under control?
Blame Labour all you like, and pretend the global crisis somehow missed this country, to do so is foolish, get real to the impact it had upon us.
You Tories may mock Ed Balls, but not half as he'll mock your beloved chancellor, Osborne needs to be worried and in truth, we all know he is.
The adverse remarks made by the staunch Tories over Ed Balls' appointment as shadow chancellor speaks volumes of their fear. They know that his economic knowledge and more aggressive approach will have Osborne exposed as the chancellor who chances our economy on the strength of a massive idealogical gamble which we all know will seriously damage the future prosperity of this Country.
Wag the finger of blame all you like at Labour over the lack of bank regulation, but ask yourself this; what has the coalition done to bring the banks under control?
Blame Labour all you like, and pretend the global crisis somehow missed this country, to do so is foolish, get real to the impact it had upon us.
You Tories may mock Ed Balls, but not half as much as he'll mock your beloved chancellor, Osborne needs to be worried and in truth, we all know he is.
See Luddite's swearing, does he think it makes him clever or hard?
Oh dear oh dear MH has excelled himself this time. Anybody who thinks Balls is good for this country even in opposition or god forbid in government again is utterly deluded. NHS must win an award for the most narrow minded, unashamedly biased journo in the country. Pathologically incapable of seeing any other side of the argument other than his own twisted prehistoric belief in neo-communism. If dead ed ever gets near the levers of power again you can kiss any hope of this country being a success ever again. Far from brown cracking open the champagne, I think it is the government who are celebrating as nobody, apart from MH, and the deluded hard left like him and we will never ever forget the economic disaster that he and Brown unleashed on this country. Labour R.I.P
Bamber, you have a point. I can't believe people are relying on, and waiting for, this sorry bunch of careerists to turn the tide on Tory policies. They won't! They secretly like most of the policies. Shouldn't we be organizing and hitting the streets to get the job done? I know it's tough with most of the union leadership infiltrated by New Labour operatives, but the NHS can not go down the toilet without at least a fight.
Better late than never. Personally, I can't stand Ed Balls, but for Miliband to have chosen Alan Johnson over him when Labour needed a serious heavyweight to give Osbourne a battering shows a serious lack of judgement.
We are now where we should have been when EM announced his shadow cabinet in the first place. For me this only makes Labour even stronger. I cant wait to see EB take GO on, should make interesting viewing.
Cameron's whipping boy, we need to fight to defend the NHS, and fight to win!!! All this other stuff is an irritating distraction. New Labour sat by as the students saw their fees tripled. Now they want to do the same as Tories carry on Labour policies of piecemeal privatising of the NHS. They are two sides of the same coin.
The NHS is about to undergo more massive privatisation and this is about the most you New Labour lot can get worked up about. David's haircut is nicer than Ed's, blah, blah, blah. What a mess. No wonder you got yourselves kicked out of government. The roots of the party were ripped out long ago and it's still out of touch with the lives of working class people.
Or two balls better than none? Come back Militant. All is forgiven!
Cut through the tory crap. Mr Posh and his side kick Gideon fear this appointment. Ed Balls is a real economist Ed Miliband has made the right call. The ecomomy is on the rocks just look at todays figures. The cuts are wrong and this is what Mr Balls said at this years confrence fringe. Responsibility for the deficit comes from accross the pond greedy people lending money they could never get back and the bankers hiding this. Capitalism at its worst. I know that many of you lack the will to accept this fact but its true. Ed and Ed will make this useless directionless govenrment eat their words. Try to grow up and not tell lies. The cuts will kill us!!!
Now then, which one be Wallace and which one be Grommet ? !
The fact that,yet again Ed Miliband got it wrong sadly is showing in his short time as leader that Ed M is nothing but gaffe prone,the move to bring Balls in should have been done at the start of his leadership not now.
Perhaps,just perhaps 8 months after the election labour may be able to start opposition because so far they've been awful.
Matthew Fox: I'm not sure thinking comes into it, it just means he can't match yet another stunning statistic from that £7.99 book of economics he purchased on Amazon, it's his very own guide to running the country - written by an ardent Tory loyal. If his 'statistic' doesn't make Gordon Brown look bad, he just gets his calculator out and multiplies it by a few trillion, and if all else fails - he resorts to the use of swearing.
The appointment of Ed Balls seems to have resulted in a particularly adverse reaction on planet Luddite - a reassuring sign that Labour's made the right move then?
Nick, live a dream live a lie.. Labour's fucked!! it no longer knows who it represents.
Luddite: Think you've got that wrong, it's the country that's *****'d under this current coalition and please don't tell me they represent the country, that would be an almighty whopper as far as lies go!
Mehdi says that Ed B has a problem reconciling his disagreement with Darlings plan.
My view is that there isn't a problem, because Darlings' plan 'was' about waiting for strong growth,(timing), creating jobs for young people, (future jobs programme) and just 'halving' the deficit, meaning less redundancies etc.
A plan that creates jobs and growth, serves to naturally reduce the deficit, which is what Ed B said yesterday.
Michael Fallon was sticking the knife into Ed B yesterday at the earliest opportunity, I believe the Tories are scared!
I feel really sorry for Alan Johnson though.
Ons of Ed Balls' chaps Douglas Alexander is goingt to be on the Andrew Marr show. Looking forward to hear his views on the two Eds!
Phew!
It has taken an unfortunate episode but thank goodness Ed Balls is where he should be.
The Labour front bench will suddenly look more threatening to the
Tory government,rightly so,because Balls has more financial nous in his little finger that Tories Cameron,Clegg and Osbourne put together.
From Ed to Ed! In the word's of the Chuckle Brothers 'from me to you, to you from me'
know wiil Labour get a plan together!
Breathed a sigh of relief last night when this was announced. Balls should have been Shadow Chancellor in the first place. The front bench looks much stronger as a result of this reshuffle. Balls will destroy Osborne and is also more than capable of developing the radical economic policy Labour needs.
Us Tories, think it is mavellous that Ed Balls is shadow Chancellor!
Balls looked like he was the cat that got the milk and cream at the same time!!!
Ed M has just appointed hinself an unsackable shadow chancellor. Stupid boy. Those that fail to learn the lessons of history are doomed to repeat them.
Cut Ed B some slack: he's just what we need. Ask Michael Gove: there wasn't much left after Ed had had a go. The sound of George Osborne's knees knocking, indeed.
@Nick, don't be so bitchy. You don't like what Luddite says, fine. But I think that you're too considered to arrogantly assign differences of opinion to ignorance on the part of the person you're disagreeing with.
@Union Steve, you're an ignoramus. No, I'm joking. But I disagree with your assessment of Ed Balls. I think him and Brown were disastrously incompetent. Yes, yes, I know the financial crisis is described as global. It's not, though. China, Norway, Israel...plenty of countries came through it unscathed. And yes, their economies are very different to ours: but who was controlling the direction of the UK economy for 13 years? Gordon & Eds B&M stood back and let our economy coast along on a bubble of prosperity based on cheap imports, rising property prices (and the associated illusion of increasing personal wealth) and public sector expenditure (not investment) paid for by misdirected borrowing under the most imbecilic contracts with the private sector via the PPP.
Lets never forget Mr Balls and Miliband both share responsibility for these cuts. Nick!! there is more to life then sucking on the tit of state dependency. matthew fox i know it's a lot to ask, but try to grow-up son..
Mr Balls accepts that spending cuts will have to be made. But believes they must not come until the economic recovery is well entrenched. Mr Balls also thinks the Chancellor George Osborne is making a fundamental mistake trying to cut Labour's appalling deficit so quickly. Labour simply hopes that the electorate will forgive and forget the reason for these vicious but necessary cuts. But lets never forget Mr Balls and Miliband both share responsibility for these cut-backs.
milliband is not fit to lick his boots.
balls may have been hoodwinked into supporting new labour, but millipede believes only in his own empowerment and egotistic glorification. A true child of Lord Meddlesome, and one without any values or indeed value whatsoever.
vote green.
crabstix wrote, "Ed M has just appointed hinself (sic) an unsackable shadow chancellor."
All shadow cabinet positions are up for re-election in just under two years. Were Balls to under-perform, he would not be re-elected.
Balls himself may want to broaden his experience at some point, so he may not want to be shadow chancellor for the whole of the next four years.
Yvette Cooper would also make a good shadow chancellor.
I don't think this will make a blind bit of difference to the polls etc. Certainly a lucky time to appoint Balls.
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