Blinking Balls Battered & Bruised By Brillo Over Deficit Denial

Last week Guido flagged up the IMF pouring cold water over Balls telling Andrew Marr in January 2011 that there was no structural deficit pre-crash:

“The IMF declared 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. 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?”

No, instead he chose to deny ever saying it. You be the judge…




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Quote of the Day

George Osborne paraphrases Boris, telling the FT:

“If the ball came loose at the back of the scrum, I wouldn’t fumble it”

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