Over the last year one of Ed Balls’ favourite lines has been to remind us that Britain was almost unique among our G20 friends in entering a double-dip recession. He gleefully twisted the knife in his conference speech, a column in the Tribune and various press releases, also reeling off the line in an op-ed for the Standard. Now that the Eurozone has fallen into a double dip this morning, it’s back to the drawing board.

A new hand gesture too, perhaps?