Balls and Miliband respond

Shadow chancellor rejects claims that he "plotted" to oust Blair.

Keynes's rottweiler has come out fighting. In response to today's Telegraph splash, Ed Balls has rejected claims that the documents unearthed by the paper prove that he was "plotting" to oust Tony Blair.

He said:

The idea that these documents show there was a plot or an attempt to remove Tony Blair is just not true. It's not justified either by the documents themselves or by what was actually happening at the time. The fact is, after 2004, and then on, there was a discussion between Tony Blair, Gordon Brown and others, including myself, about how we managed that stable and orderly transition ... There is nothing here to justify the claim of a plot and, therefore, for me, that's obviously a bit frustrating today.

But there's a wider point here, I think Labour Party members and people in the country will look at this and say: why was it the case that there were these formal talks, why were there these discussions? The reality was Gordon Brown and Tony Blair had achieved great things together but by this period it was hard, the relationship was under stress, there was a lot of pressure, there were difficulties, there were arguments. I think people will look back and say that it could have been done better. I agree with that and there's a lesson here for us a party because we've got to make sure that at a time when jobs are under pressure, when the coalition is making mistakes, we as a Labour Party are united. That's what I'm determined to show.

Ed Miliband has also responded. The Labour leader tweeted: "Did round of i'views in my constituency. On Telegraph story, I told them- Blair/Brown era is over. Labour & country looking to future."

So far, the absence of a killer revelation means that the story has failed to excite the public. One wonders if, as in the case of expenses scandal, the Telegraph is saving the best till last.

George Eaton is political editor of the New Statesman.

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The 5 things the Tories aren't telling you about their manifesto

Turns out the NHS is something you really have to pay for after all. 

When Theresa May launched the Conservative 2017 manifesto, she borrowed the most popular policies from across the political spectrum. Some anti-immigrant rhetoric? Some strong action on rip-off energy firms? The message is clear - you can have it all if you vote Tory.

But can you? The respected thinktank the Institute for Fiscal Studies has now been through the manifesto with a fine tooth comb, and it turns out there are some things the Tory manifesto just doesn't mention...

1. How budgeting works

They say: "a balanced budget by the middle of the next decade"

What they don't say: The Conservatives don't talk very much about new taxes or spending commitments in the manifesto. But the IFS argues that balancing the budget "would likely require more spending cuts or tax rises even beyond the end of the next parliament."

2. How this isn't the end of austerity

They say: "We will always be guided by what matters to the ordinary, working families of this nation."

What they don't say: The manifesto does not backtrack on existing planned cuts to working-age welfare benefits. According to the IFS, these cuts will "reduce the incomes of the lowest income working age households significantly – and by more than the cuts seen since 2010".

3. Why some policies don't make a difference

They say: "The Triple Lock has worked: it is now time to set pensions on an even course."

What they don't say: The argument behind scrapping the "triple lock" on pensions is that it provides an unneccessarily generous subsidy to pensioners (including superbly wealthy ones) at the expense of the taxpayer.

However, the IFS found that the Conservatives' proposed solution - a "double lock" which rises with earnings or inflation - will cost the taxpayer just as much over the coming Parliament. After all, Brexit has caused a drop in the value of sterling, which is now causing price inflation...

4. That healthcare can't be done cheap

They say: "The next Conservative government will give the NHS the resources it needs."

What they don't say: The £8bn more promised for the NHS over the next five years is a continuation of underinvestment in the NHS. The IFS says: "Conservative plans for NHS spending look very tight indeed and may well be undeliverable."

5. Cutting immigration costs us

They say: "We will therefore establish an immigration policy that allows us to reduce and control the number of people who come to Britain from the European Union, while still allowing us to attract the skilled workers our economy needs." 

What they don't say: The Office for Budget Responsibility has already calculated that lower immigration as a result of the Brexit vote could reduce tax revenues by £6bn a year in four years' time. The IFS calculates that getting net immigration down to the tens of thousands, as the Tories pledge, could double that loss.

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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