October 1st, 2012

Treasury Sources Kick Back at Balls Before He’s Opened Mouth

Balls seems to have briefed the entirety of his upcoming conference speech already. One of the downsides of doing this before he’s even reached the podium is that it gives his opponents the chance to shoot it down before he’s opened his mouth. Treasury sources are pointing out the HMRC’s own report into the last time Stamp Duty was frozen for first time buyers:

“The tax relief has not had a significant impact on improving affordability for first time buyers. It is estimated that most of the people who benefited would have purchased property in the absence of the relief anyway.”

The only significant impact will be to give Balls at least one policy, however pointless.

It’s well known that Balls still has ‘people’ inside the Treasury and there is plenty of speculation doing the rounds that he had got wind of the 4G auction goodies fund and has pulled a fast one on the Chancellor. Just like George did in 2007 with the inheritance tax threshold hike…


  1. 1
    Kebab Time says:

    Has Balls ever told the truth?

  2. 2
    Dudley says:

    Ed Balls cheats at football

  3. 3
    Darran says:

    £3bn out of telecoms !!! – Edd Ballsup strikes again, making the same mistakes as his erstwhile overlord and master GB ….
    See here for a telecoms analyst perspective – http://www.telesperience.com/displaycontent/content/292618760897804645

  4. 4
    Butch Dave says:

    Who needs fucking manufacturing anyway? Plebs?

    UK manufacturing PMI “unexpectedly” fell in September.

  5. 5

    I even had my fingers crossed when I said “I do”.

  6. 6
    Mervyn King says:

    Oy vey! Print more money for the bankers!

  7. 7

    Is that picture of Ballsup saying’ AWWWWE, get her, the bitch. All that Eton education and she still looks like a cheap shag!!”

  8. 8
    Dick Ed says:

    Criticism est verboten! You vill do as vee say! Sieg heil!

  9. 9
    Stan says:

    Labour will have no economic credibility until Balls is gone from the front bench.

    And if he has a grass inside the Treasury, a public civil servant usurping Government policy by working in a political manner for Her Majestys opposition then that person should be found & sacked.

  10. 10
    Penfold says:

    Will someone please take Balls outside and shoot him.
    This man has a dangerous grasp of economics, about on par with a Ponzi salesman.

    He really is the most odious man on earth, which means doesn’t say much for Yvette, who’se probably a similar piece of work.

    Lets hope that McCluskey deems Ed and Yvette neoLabourite Blairites and disposes of them.

  11. 11
  12. 12

    No – he’s saying “We are all going to hell, and I am driving the bus!”

  13. 13
    Loungelizard says:

    He’s a little tea pot short and stout
    At the last election we kicked him out!

  14. 14
    rocknrolla says:

    Who is worse? Ed Balls or Steve Coogan?

  15. 15
    AC1 says:

    ALL “subsisides” to first time buyers will merely get added onto the asking price of the house.
    i.e. It’s a subsidy to sellers!

    The best way to get houses bought and sold? Make them cheaper. It’s good for the economy.

  16. 16
    jgm2 says:

    Ed Balls is grooming civil servants. This is a national security matter. He and the person involved should be arrested and charged.

    There is precedent.

  17. 17
    AC1 says:

    “Pays Tax” is an oxymoron

    Tax is extorted from him.

  18. 18
    a non says:

    Tourettes rules. Wouldn’t have it any other way. The man’s a leg end.

  19. 19
    Ed's #1 fan says:

    Strange how no-one seems to pick up how these 3G/4G license “freebies” actually end up as a regressive pseudo-tax on everyone with a phone, as the operators recoup their costs.

    Not that I’d expect Balls to care even if he did have the brains to realise this: the man is a hypocritical oaf.

  20. 20
    beast says:

    Which of the Millibands shagged his wife?

    Imagine that, every day you go to work with a person who has blown his tubes all over your wifes face

    Not only that but its one of the Milliboids

  21. 21
    nellnewman says:

    Labour have no hope of being re-elected whilst edballs is shadow chancellor. His only interest is in spending the nation’s credit cards into as much debt as possible.

    I can only think labour has a death wish appointing militwit leader and bullyballs as man in charge of money.

  22. 22
    UKIP.i.am.awake says:

    Unemployment in Eurozone rises yet again. It’s all Cameron’s fault.


    Ball’s latest wheeze is to cut stamp duty but the the real problem for the young is sky-high house prices, which he and Brown were responsible for allowing to soar, thus making the credit crisis in the UK much worse than it would otherwise have been. Remember Northern Rock which happened a year before the American crisis? Steadily falling house prices is the only good news for young people.

  23. 23
    jgm2 says:

    Steadily falling?

    Fuck that. They need to be cut by another 50% at least. Preferably overniht – this can be achieved by the simple mechanism of putting interest rates at (say) 5%.

  24. 24
    V1le Labour ruined my Country says:

    Balls is just playing at the moment! If Labour get back in then we’ll all have to worry, tax will increase massively and spending will go out of control again.

  25. 25
    Anon Hacked off Voter !! says:

    Balls talking as usual complete utter fcuking balls…..he along with the rest of

    ZanuLieLabors Politburo should be barred from being MP’s & brought before

    the Court for Crimes against the People !!!

  26. 26
    This is what's wrong with this country says:

    Fat lazy fucks like this who are outraged at being told to look for a job.

  27. 27
    Legal Crook says:

    Lard arse is talking right now, strange they have chosen bright BLUE for their background, no logos. Trying to distance themselves from the unions?

  28. 28
    John Johnson says:

    ÍáíúéÉD looks as if he has a rather slack wrist, “Oh get you”

  29. 29
    Battsby says:

    Not so far as I recall. But then, Labour no longer has a purpose, does it? http://batsby.blogspot.co.uk/2012/10/labouring-point.html

  30. 30
    genghiz the kahn says:

    Goodness gracious…

    Ed Balls a liar.

  31. 31
    Unbiased observer says:

    Balls is the best weapon the Tories have or could ever hope for.

  32. 32
    Steve Miliband says:

    All BBC output interrupted to carry Balls speech

  33. 33
    John Johnson says:

    B’Liar always wore blut tie, shirt, suit, but everything about he said Tory

  34. 34
    Legal Crook says:

    Talks how Labour paid back the 22B of radio spectrum sell off, during the good times. Then by that token the good times did not last long as they borrowed 30B EVERY YEAR from 2000.

  35. 35
    The Libor party says:

    We don’t have a housing crisis: we have a population crisis. #Neathergate.

  36. 36
    Mad, Bad & Dangerous Gordon McRuin ( Member in absentia ) says:

  37. 37
    Anonymous says:

    And you will be the first to knock 10/20/30% off the value of your home when you put it on the market?

  38. 38
    Mad, Bad & Dangerous Gordon McRuin ( Member in absentia ) says:

    Is there something dull happening in Manchester ?

  39. 39
    Dangermouse says:

    Balls destroyed the economy.

    He makes George Osborne look human.

  40. 40

    Do away with Stamp Duty on houses up to £ 250k !

    Time to flip another home !!

  41. 41
    Red Ed's non-predator union bosses says:

    Bring back Alan Johnson as Shadow Chancellor !!!

  42. 42
    Anon Hacked off Voter !! says:

    Yes Al-Beeb must obey their ZanuLieLabor masters & pump out this utter

    fcuking Balls crap through every orifice …….very much like big brother in George

    Orwells 1984…….

    And the new Al-Beeb DG like the previous one, just rubber stamps it…..OK !!!

  43. 43
    Anonymous says:

    hes a Hunt

  44. 44
    Anonymous says:

    In an unprecedented move, David Harding, founder of the Winton Capital hedge fund, has opened his books to reveal he paid the full £34m on his £87millon income in 2011.

    …says that he rather be accepted by society.

  45. 45
    UKIP.i.am.awake says:

    The market should decide the price of houses – not politicians. Labour fucked up the housing market by encouraging house prices to soar. Were they so stupid as to believe mass immigration and low interest rates would have no effect on house prices?

  46. 46
    arsebandits of the world unite says:

    He makes George Osborne look part human.

    The part that has a bollock either side.

  47. 47
    Liarpoliticians says:

    Ed Balls, he’s so butch with his naff jokes.

  48. 48
    A Postie Bruver says:

    Sorry he’s still to busy delivering last centurys slightly delayed letters !!!

  49. 49
    Ed Balls - Shallow Chancer says:

    Stand by your beds ! ‘Nasal’ Rachel Reeves is about to gush forth on BBCDP.

  50. 50
    A Market Watcher says:

    FTSE continues to rise as Ed Balls delivers his key note speech

    The Market is delivering its verdict that Ed Balls talking utter fcuking balls

    will “NEVER” be the Chancellor…….

  51. 51
    ToonBob... says:

    Ball’s speech was just that……. balls.

  52. 52
    Joss Taskin says:

    Any sign of Keith Vazoline at Libor’s Conference ?

  53. 53
    Arse bandit of Old England! says:

    As with all feckless individuals, Labour planning to spend money before it’s been earned. They can’t wait to spend spend spend!

  54. 54
    Anon says:

    Last seen boarding a ferry for Islamabad with several large suitecases !!

  55. 55
    Postal Vote says:

    3 billion is what the government spends every half day. So it barely registers in the first place.

    Then, he lets the private sector chip in the 3 billion since telecom companies whould have to stump them up. So Balls extract 3 billion from the private sector and then channels it back.

    Calling this a government stimulus is hence a grotesque lie! It is telecom companies financing constructino companies and labour-voting new homeowners.

  56. 56
    Gonk says:

    Some squalid, desolate ending please. Bitten by a Staffordshire terrier on a fly blown estate where he’s promising free money. That would do nicely.
    Or trampled by a dozen oap ex-servicemen who know a weasely twat when
    they see one.

  57. 57
    Anon says:

    SKY NEWS @ 13:30hrs today live on air debate between CBI v Left Wing UNION

    Sky also being very helpful running the JS abuse story which puts even more

    pressure on Al-Beeb………….

  58. 58
    AC1 says:

    The house I’d be buying would also be 10/20/30% cheaper so I’d get more for my money.

    So YES!

  59. 59
    Gonk says:

    Labour hierachy are traitors, lack courage and are only thinking of their pensions.
    Witness their silence when Brown was busily ruining the country. So nothing new with these two specimens.

  60. 60
    Johnny says says:

    “4G auction goodies fund”

    Let’s hope it doesn’t turn out like the greed over the 3G auction that, combined with the German 3G auction, caused the european telecommunications industry to shit away tens of thousands of jobs and gave up being a hotbed of innovation to the Asian part of the industry.

    Thank you Gordon.

  61. 61
    Your Friendly Neighbourhood "Mob" Hand Gestures Interpretation Service says:

    Actually, it’s Ed (“Eddie Lasagna”) Balls, reputed underboss of the Labour Crime Family, offering his opinion on his Boss’s performance at PMQ’s:
    “Ehhh– mezza mezza…”

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