IMF Reality V Balls Deficit Denial

The Prime Minister is not going to have a very nice day in the Commons as he faces his first PMQs since siding with Andrew Mitchell over the word of the coppers. One bit of news he will inevitably fall back on is the IMF declaring today that Britain’s structural deficit was £38bn worse than originally thought and running at £73bn or 5.2% in 2007 – a year before that ‘global economic crisis’ Ed Balls hides behind.

Instead of apologising for this economic terrorism that saw the UK the least well prepared country in the G7 to face a crisis and running one of the largest peacetime deficits in the developed world, Balls simply pretends it never happened. Here is what he told Marr in January 2011:

“I don’t think we had a structural deficit at all in that period [before the recession]”

Given the Shadow Chancellor’s fondness for throwing IMF statements around, will he now concede that he was wrong and say sorry?

We can autotune it if it makes it easier…

UPDATE: More ammo for the PM on what should be a tricky day – Employment has reached a record high at almost 30m, with unemployment down by 50,000 in the last quarter from 8.1% to 7.9%. Youth unemployment has also dropped below one million for the first time in a year.



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Jean-Claude Juncker:

“We will never let the Greek people down. And we know the Greek people don’t want to let down the European Union.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Owen Jones Gets Owned Owen Jones Gets Owned
Read Sajid Javid Speech Slamming CBI Read Sajid Javid Speech Slamming CBI
Watch: BBC3 Greatest Hits Watch: BBC3 Greatest Hits
LORD DEBEN’S CLIMATE ALARMISM LORD DEBEN’S CLIMATE ALARMISM
WATCH: Terror Training Exercise in London WATCH: Terror Training Exercise in London
Meet the Next Generation of Troughing MPs Meet the Next Generation of Troughing MPs

Boris on £275,000 at Telegraph Boris on £275,000 at Telegraph
Supercar Socialist Polly Toynbee Supercar Socialist Polly Toynbee
Read CPS Janner Statement in Full Read CPS Janner Statement in Full
UKIP Broke, Homeless UKIP Broke, Homeless
Doctors: Capitalism ‘Conflicts With Health and Public Interest’ Doctors: Capitalism ‘Conflicts With Health and Public Interest’
Gates: Capitalism Innovates to Save Planet Gates: Capitalism Innovates to Save Planet
Guido’s Column Guido’s Column
Awkward Ed Miliband Moments: Nick Clegg Edition Awkward Ed Miliband Moments: Nick Clegg Edition
Man Beheaded in France, Islamist Flag Found Man Beheaded in France, Islamist Flag Found
GREENPEACE DUPE SUPPORTERS INTO THINKING THEY OWNED HEATHROW PROTEST PLOT GREENPEACE DUPE SUPPORTERS INTO THINKING THEY OWNED HEATHROW PROTEST PLOT
Cameron’s Broken EU Promise Cameron’s Broken EU Promise
Suzanne and UKIP Make Up Suzanne and UKIP Make Up
Labour Establishment Stitch Up Corbyn Labour Establishment Stitch Up Corbyn