Labour needs an answer to Osborne's charge that it would "borrow more"

If the party wants to attack Osborne on this territory, it needs to explain why and how it would borrow for growth.

The loss of Britain's AAA credit rating was a humiliating moment for George Osborne but as this afternoon's Commons clash with Ed Balls demonstrated, the Chancellor's position is stronger than it first appears. After asking Osborne an urgent question on the downgrade, Balls declared: 

He has gone in a weekend from saying he must stick to his plan to avoid a downgrade, to saying the downgrade is now the reason he must stick to his plan.
It was a neat line but Osborne had little trouble resolving this apparent contradiction. In its explanation of the downgrade, Moody's warned against "reduced political commitment to fiscal consolidation". Citing these words, Osborne said that while there would be no "reduced commitment from this government", Labour's answer to "too much borrowing" is "to add to it". The difference, of course, is that while Labour would borrow for growth (in the form of tax cuts and higher infrastructure spending), the coalition is borrowing to meet the cost of failure (in the form of lower growth and higher long-term unemployment). 
 
The problem for Labour, however, is that Ed Balls and Ed Miliband, aware that voters may not easily accept their distinction between "good" borrowing and "bad" borrowing, are unwilling to make this argument explicitly. Osborne ridiculed their approach as "an economic policy that dares not speak its name". The Chancellor's cause is aided by the fact that more voters continue to blame the last Labour government for the cuts than the coalition. Fearful of giving the impression that they would, in Osborne's words, make "the same mistakes" again, Labour will not openly declare that it too would borrow more (although, as Osborne noted, Ed Balls briefly did on the Today programme on Saturday) .
 
Rather than becoming trapped in a technical debate about the deficit, Labour would be wiser to focus on living standards, but if it wants to continue to attack Osborne on this territory it will need a much better explanation of its own approach. Without explicitly declaring that it would borrow for growth (and explaining why), the party merely reinforces the impression that borrowing is always and everywhere an economic ill. And that only strengthens Osborne's hand. 
Ed Miliband and Ed Balls at the Labour conference in Manchester last year. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

Getty
Show Hide image

Will anyone sing for the Brexiters?

The five acts booked to perform at pro-Brexit music festival Bpop Live are down to one.

Do Brexiters like music too? If the lineup of Bpoplive (or more accurately: “Brexit Live presents: Bpop Live”) is anything to go by, the answer is no. Ok, former lineup.

The anti-Europe rally-cum-music festival has already been postponed once, after the drum and bass duo Sigma cancelled saying they “weren’t told Bpoplive was a political event”.

But then earlier this week the party was back on, set for Sunday 19 June, 4 days before the referendum, and a week before Glastonbury, saving music lovers a difficult dilemma. The new lineup had just 5 acts: the 90s boybands East17 and 5ive, Alesha Dixon of Britain’s Got Talent and Strictly Come Dancing fame, family act Sister Sledge and Gwen Dickey of Rose Royce.

Unfortunately for those who have already shelled out £23 for a ticket, that 5 is now down to 1. First to pull out were 5ive, who told the Mirror that “as a band [they] have no political allegiances or opinions for either side.” Instead, they said, their “allegiance is first and foremost to their fans”. All 4our of them.

Next to drop was Alesha Dixon, whose spokesperson said that that she decided to withdraw when it became clear that the event was to be “more of a political rally with entertainment included” than “a multi-artist pop concert in a fantastic venue in the heart of the UK”. Some reports suggested she was wary of sharing a platform with Nigel Farage, though she has no qualms about sitting behind a big desk with Simon Cowell

A spokesperson for Sister Sledge then told Political Scrapbook that they had left the Brexit family too, swiftly followed by East 17 who decided not to stay another day.

So, it’s down to Gwen Dickey.

Dickey seems as yet disinclined to exit the Brexit stage, telling the Mirror: "I am not allowed to get into political matters in this lovely country and vote. It is not allowed as a American citizen living here. I have enough going on in my head and heart regarding matters in my own country at this time. Who will be the next President of the USA is of greater concern to me and for you?"

With the event in flux, it doesn’t look like the tickets are selling quickly.

In February, as David Cameron’s EU renegotiation floundered, the Daily Mail ran a front-page editorial asking “Who will speak for England?” Watch out for tomorrow’s update: “Who will sing for the Brexiters?”

I'm a mole, innit.