Has this speech won Balls the shadow chancellorship?

Balls thrusts himself back into the spotlight with attack on George Osborne as a “growth denier”.

In his column in this week's magazine, Irwin Stelzer argues that Ed Balls is the only Labour leadership candidate with a solid grasp of economics. Balls will be hoping that his speech at Bloomberg HQ this morning (the setting for George Osborne's attack on the "deficit deniers" last week) has proved as much.

All of the Labour leadership candidates have challenged the government's decision to cut spending this year, but Balls's speech is the most sustained and forensic attack on the coalition's economic policy we've yet seen.

In a neat riposte to Osborne, he labelled the Chancellor a "growth denier", who is ignoring warning signs of a double-dip recession. "What he is now doing is the equivalent of ripping out the foundations of the house just as the hurricane is about to hit," he said.

With figures from both left and right now saying a double-dip recession is possible, Osborne can no longer credibly claim that such talk is "Labour scaremongering". But will the "growth denier" label hurt him? That will likely depend on what the Q3 figures (due out on 26 October) look like.

For now, while polling suggests that voters are increasingly nervous of the coming cuts, most accept Osborne's argument that the need to reduce the country's £149bn deficit trumps everything else. Voters who are tightening their belt see no reason why the state should not do the same.

As for Balls, having correctly predicted that the coalition would raise VAT to 20 per cent, he will be hoping that his prescience has not deserted him on this occasion. If "the hurricane" that Balls warns of doesn't materialise, his words will be dismissed as partisan hyperbole.

But the politics of this speech may turn out to be as significant as the economics. As the Spectator's Peter Hoskin points out, the speech was a transparent pitch for the shadow chancellorship. But whether Balls turns out to be the shadow chancellor of the coalition's dreams or nightmares may depend on what those Q3 figures look like.

George Eaton is political editor of the New Statesman.

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Harriet Harman: “Theresa May is a woman, but she is no sister”

The former deputy leader of the Labour Party urged women to unite across the divided party.

The day-long women's conference is usually the friendliest place at Labour party conference. Not only does it have a creche and a very clear emphasis on accessibility, but everybody who attends starts from a place of fundamental agreement before the sessions have even begun. For that reason, it's often ignored by political hacks in search of a juicy splits story (especially since it takes place on Saturday, before the "real" conference action really gets underway). But with the party divided and the abuse of women on and off social media a big concern, there was a lot to say.

This year, kick off was delayed because of the announcement of Jeremy Corbyn's victory in the leadership election. The cheer for the renewed leader in the packed women's conference hall was far bigger than that in the main hall, although not everybody was clapping. After a sombre tribute to the murdered Labour MP and former chair of the Labour Women's Network Jo Cox, Harriet Harman took to the stage.

As a long-time campaigner for women's rights, veteran MP and former deputy leader of the Labour Party, Harman is always popular with women's conference - even if her position on the current leadership and her status as a former Blairite minister places her out of sync with some of the audience. Rather than merely introducing the first speaker as the agenda suggested, Harman took the opportunity to make a coded dig at Corbyn by doing a little opposition of her own.

"Theresa May is a woman, but she is no sister," she declared, going on to describe the way that May, as shadow spokesperson for women and equalities under William Hague, had been a "drag anchor" on Harman's own efforts to enact pro-women reforms while Labour were in government. The Thatcher comparison for May is ubiquitous already, but Harman made it specific, saying that like Thatcher, Theresa May is a woman prime minister who is no friend to women.

Harman then turned her attention to internal Labour party affairs, reassuring the assembled women that a divided party didn't have to mean that no advances could be made. She gestured towards the turmoil in Labour in the 1980s, saying that "no matter what positions women were taking elsewhere in the party, we worked together for progress". Her intervention chimes with the recent moves by high profile former frontbenchers like Chuka Umunna and Yvette Cooper to seek select committee positions, and Andy Burnham's campaign to become mayor of Greater Manchester.

Harman's message to women's conference was clear: the time for opposition to Corbyn is over now - we have to live with this leadership, but we can't let the equalities legacy of the Blair years be subsumed in the meantime. She ended by saying that "we have many leaders in the Labour party," pointing to Jess Phillips, the chair of the women's PLP, and Angela Rayner, shadow minister for education, women and equalities. Like Burnham, Cooper et al, Harman has clearly decided that Corbyn can't be unseated, so ways must be found to work around him.

Rayner followed Harman onto the stage. As one of Corbyn's shadow ministerial team, Rayner is far from in agreement with Harman on everything, and rather than speak about any specific policy aims, she addressed women's conference on the subject of her personal journey to the front bench. She described how her mother was "born on the largest council estate in Europe and was one of twelve children" and "never felt loved and didn’t know how to love, because hugs, cuddles and any signs of affection just wasn’t the norm". She went on to say "mum won't mind me saying this - to this day she cannot read and write". Her mother was in the audience, attending her first Labour conference.

As a former care worker who became a mother herself when she was just 16, Rayner is a rarity at the top of Labour politics. She told the Guardian in 2012 that she is used to being underestimated because of her youth, her gender and her northern accent: "I'm a pretty young woman, lots of red hair, and everyone expects me to be stupid when I walk into a meeting for the first time. I'm not stupid and most people know that now, but I still like to be underestimated because it gives me an edge. It gives me a bit of stealth."

The mass shadow cabinet resignations in June propelled Rayner to the top sooner than an MP only elected in 2015 might have expected, and she has yet to really prove her mettle on the grind of parliamentary opposition and policy detail. But if Labour is ever to win back the seats in the north where Ukip and Brexit are now strong, it's the likes of Rayner that will do it. As Harriet Harman herself shows, the women and equalities brief is a good place to start - for even in turbulent, divided times for Labour, women's conference is still a place where people can find common ground.

Caroline Crampton is assistant editor of the New Statesman.