It was less than fifteen minutes after the GDP news was announced before Balls’ people started calling for more borrowing and spending on the back of the news:
We now need plan to strengthen & sustain recovery – build houses using 4G funds, temp VAT cut, bank bonus tax to fund jobs for young people—
Alex Belardinelli (@abelardinelli) October 25, 2012
Two hours later they have has managed to scramble together a line:
“A one-off boost from the Olympics is welcome. But it is no substitute for a plan to secure and sustain the strong recovery that Britain desperately needs if we are to create jobs, get the deficit down and make people better off.”
Balls chooses to simply ignore the ONS stating that it only 0.2 of the 1% change was down to the Olympics.
Funny how abnormalities are only considered when the growth is positive.