June 30th, 2014

Balls Speech Positions Himself


In the 2010 Labour leadership campaign Ed Balls positioned himself on the tough-love Brownite left and Ed Miliband outflanked via the in-the-comfort zone soft-left. Today Ed Balls in his speech to the London Business School distanced himself from the Labour leader’s anti-business positions and sounded almost Blairite at times. All these things are nuanced, this sounded like a positioning speech for the post-election, post-Miliband Labour Party. We shall see…

Speech highlights:

  • Balls, despite saying “the third way did not deliver”, explicitly identifies himself with the Clinton-Blair agenda

    “I do not believe that the progressives were wrong in their central belief that a path could be taken between free-market economics and protectionism and isolationism.”

  • Attending Bilderberg Conferences has paid off, Balls explicitly accepts the success of neo-liberal globalisation

    “… this is my starting point: over the last twenty years, the global economy has fundamentally changed – and changed for the better. As communism collapsed and countries have liberalised their economies, there have been significant reductions in poverty and increases in living standards across Asia, South America, Eastern Europe and now Africa.”

  • Straining credibility the former deficit denier now promises spending cuts and a balanced budget

    “I have made a binding fiscal commitment that a Labour government will balance the books and deliver a surplus on the current budget and falling national debt as soon as possible in the next Parliament. It will require tough decisions to cut public spending and social security spending, as well as a fairer tax system.”

The rest of the speech dwells on traditional Labour solutions, more training and education, a mea culpa over (the lack of) EU immigration transitional controls in government, plus some sleight of hand over corporation tax.  To back up the new endlessly repeated Balls “pro-business, just not business as usual” soundbite he also advanced the idea of an industrial policy incentivising long term investment, this time with tax breaks for long term equity investors. Can’t wait to see how the Owen Jones left welcomes the idea of more expensive corporate welfare for stock market investors…


  1. 1
    Our Dave says:

    Trust me on Europe, I am the man that eradicated eboli.


    • 18
      An inhabitant of Eboli says:

      Questo è strano. E ‘stata lì l’ultima volta che ho guardato fuori dalla finestra.


  2. 2
    Graham says:

    Judging by these statements it seems that Balls should have a CTC scan on his head to check for abnormalities. And perhaps an appointment with a psychiatrist could also be arranged.


    • 71
      Mycroft says:

      No need.

      He is simply not intelligent enough to do two things:-

      1/. To grasp fiscal constraints and market reality.

      2/. To understand he is constantly out of his depth.

      No scan needed, a touch of reality is all that is needed, taken to task on the issues facing a Chancellor would floor him totally and if done with gusto make him face the shattering and largely depressing extent of his intellectual failings.


  3. 3
    What Hague says on the Telly and what Hague does in Europe are at Odds says:


  4. 4
    Kerry and the EU says:

    We’re trying our best with Ukraine/Russia.


  5. 5
    Cue one Angry Shadow biz min says:

    Did Ed Balls clear his speech with Chuka?


  6. 6
    Vote Dave? Get stuffed says:

    “… there have been significant reductions in poverty and increases in living standards across Asia, South America, Eastern Europe and now Africa.”

    Then why are millions of the poor still wanting to come and live here and so make us poorer as a whole? And why do the immigration problem deniers who say that we would not have a health service,etc but for immigrants never consider that, as we are taking their best workers, their own countries are obviously suffering badly from the loss of them?


    • 35
      Toxic Labour for Spongers, Scroungers, Parasites, Criminals, Layabouts & other Wasters says:

      There have been significant reductions in poverty because of all the cash stolen from us and wasted in the third world.


      • 46
        jgm2 says:

        Quite the opposite. The money taken from us and handed to third world shitholes only enriches the elite of these third world shitholes* so, by the bed-wetters definition of ‘poverty’, ie percentage of people below the ‘average’ it will actually increase poverty.

        * And the professionally concerned middle-class AID parasites. You know. The ones who start off by going to Ghana in the sixth form to build a school for the locals. When it’s the first time in their life they’ve held a hammer or a saw.

        Ten years later they’re flying Business Class around the world giving advice on ‘clean water’ or ‘AIDS prevention’ or something else they’re as qualified to talk about as John Prescott is on climate change. ie fuck all.


      • 61
        Chinese laundries are a washout says:

        … stolen from us and washed in the third world, surely ?


  7. 7
    Exactly says:


  8. 11
    nell says:

    ‘will balance the books and deliver a surplus’ +++++ Laugh +++++

    his other saying whilst he was in government was ‘ tell people a lie often enough and they’ll believe it’ !!!


    • 15
      Tachybaptus says:

      Aren’t you getting him confused with Lenin? It’s easy to do.


    • 17
      groan says:

      the only balanced book will be the one on the table for him to write a note at the end of labours term if they win “sorry we spunked it all again”


    • 22
      Vote Labour and get a free owl says:

      It is to be noted that what politicians promise to do before an election tends to differ from what they actually do after the election.


    • 24
      fhip says:

      “no more boom & bust” also springs to mind.


  9. 16
    jgm2 says:

    ‘Fairer tax system’ = punitive taxes, savings grab a la Grec, increased taxes for everybody to pay for handouts to Labour voters and the Religion of Peace imports.


  10. 20
    Sizzla says:

    You know Labour have a problem when Ed Balls is trying to position himself as Labour’s “sound money” man.


  11. 21
    Ed 'driveby' Balls says:

    today is not a day for soundbites.

    I feel the dead hand of historic Miliband on my shoulder..And I intend to bite it harder than a starving Luis Suarez on a nudist beach.


    • 36
      Liebour says:

      I heard on my radio that Suarez is claiming that he stumbled, his face fell against Chellini’s shoulder resulting in him hurting his teeth. If he hasn’t already signed up for us in Scallyland, he really should. He is a Balls class liar.


  12. 25
    Ted Miliballs says:

    Do You Really Know Ed Balls?


  13. 28
    Bill Quango MP says:

    Dr Sigmund Freud
    Phallus test

    Some words are giving ze patient a mental image of a phallus or of female genitalia, ya?

    Zis is common. For example I can give you words now zat vill conjoure up in your mind an image of a sexual part.

    Ed Balls
    Polly Toynbee
    Ed Miliband
    Herman Van Rompuy
    Graham Norton
    Steven Gerrard
    Tony Blair
    Gordon Brown


    David Cameron

    you see..?! A whole erotic menage of genitalia rushing through your mind?


  14. 31
    Guy News Room Spokesperson says:

    Prime Minister David Cameron: We can and will go on with a system where old people are neglected and abused in their care homes.Because we Tories,that’s why.


  15. 37
    Idon'tneednodoctor says:

    Ed Ball’s blatant lies are his truth.


  16. 41
    L'Obama Anglais and his second in command says:


  17. 47
    confused. says:

    the tories have cut nothing.

    spending is up,but they are getting credibility for sound economic management-genius.

    i just dont think anybody believes a word balls says after trying to out spend the tories ,out spend a debt crisis.mental.

    where are the mad ecomonist who said spending cuts or freezes would be armageddon. are they still economists on silly salaries?

    look at the cost of global warming scaremongering.

    and temeratures are the same or getting lower.

    the people just cant be conned any more.


    • 54
      We're nothing more than Europe's money pig says:

      The people can’t be conned any more? I wish that were so.

      Think of that warning Labour, the LibDims and the BBC keep repeating. “Three million British jobs depend on our EU trade.” The BBC were interviewing people in the street a few weeks ago, asking them if we should leave the EU. One man said he wished we could, but added “but it would cost us all those jobs.”

      Conned. Totally.


      • 69
        A Watcher says:

        Yesterday at Kings Cross station out of the thousands of people who use it daily the Skyboid managed to find three people who were in favour of staying in the EU. Not mentioned why there were no counter-balancing interviews. Perhaps everybody else had no opinion? Sky is beginning to look like another 5th column that needs taking apart sinew by sinew.


        • 72
          swivel eyed slut says:

          Yes I noticed that – and I wondered where they the only 3 they interviewed or did others give the wrong answer so were cut out.


    • 63
      [insert name of politician you most despise here] says:

      What do you mean, nothing has been cut ? We’ve dispensed with the truth for a start.


      • 66
        David Cameron says:

        I’ve cut loads! I cut “bonfire of the quangos” and “simplify the tax system” from from my to-do list.


  18. 48
    Idon'tneednodoctor says:

    The labour front bench is full of criminals.


  19. 53
    Pachydermata Abbota Niger says:

    Where’s mi rice’n’peas?


  20. 58
    Dave's Shame. says:

    Cameron must be the first person to ever lose an argument with Herman Achille Van Rompuy


  21. 59
    roversfan says:

    Personally, I think Balls is losing the plot. Did anyone else notice his comment on Marr yesterday bemoaning a “decade” of falling living standards?
    For the majority of that time he was a cabinet minister wasn’t he?!


  22. 60
    workers vote UKIP. .And email Chucky. says:

    30 plus years old and still effing relevant as ever…

    I could find a Depeche Mode track that sums up every post Guido publishes. ..and with the quality often lacking from Guido. .

    Most successful British band of all time .. (I challenge you!)

    I wonder why? Can’t have the plebs thinking eh?

    Depeche Mode – Lie To Me Lyrics:


  23. 67

    The only position Balls should get is with some lefty think tank where he cannot do any damage.


  24. 68

    Balls should position himself in front of a train!


  25. 70
    peter sharp says:



  26. 73
    Rupert says:

    Balls – does anyone believe a word that comes from the mouth of this oily heap of shit?


  27. 74
    Sir Barrington Minge says:

    Have you noticed that you never see Diane Abbott and Ed Balls in the same picture?
    One is Fat, Black and useless and the other is just Fat and useless.

    Socialism is a mental disorder and the Labour Party is the Asylum


  28. 76
    Bill de Burgh says:

    Yvette Cooper being grilled by Andrew Neil.
    What a fcuking nightmarish image.
    And there was me planning to eat later tonight.
    Depeche Mode – prefer their earlier stuff.
    Seriously though – Dianne Abbott – you would, wouldn’t you?


  29. 78
    WAY WAY Off Topic but says:

    Why are ‘Hacked Off’ being allowed to get away with this when sentencing has yet to be decided



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