Osborne and Darling Jointly Attacking "Deficit Deniers"

Alistair Darling is launching an attack on the Brown-Balls “spend, spend, spend” dividing line election strategy and the continued deficit denial of Ed Balls. Remember that at one point before the election Gordon Brown tried to replace Alistair Darling with Ed Balls because of his resistance to total fiscal insanity.

Darling is giving the Donald Dewar Memorial Lecture at the Edinburgh Book Festival today and will say that

“Labour lost because we failed to persuade the country that we had a plan for the future. What is important now for our party is we take stock and be honest about what went wrong.

“We rather lost our way. Rather than recognising that the public were rightly concerned about the level of borrowing, we got sidetracked into a debate about investment over cuts.

“By failing to talk openly about the deficit, and our tough plans to halve it within four years, we vacated the crucial space to make the case for the positive role government can play.

“You will only convince people you’ve got the answers if they believe you know what the question is in the first place. You can’t have political credibility without economic credibility.”

At almost the same time Darling’s successor George Osborne will be delivering a very similar message, he will attack Brown’s claim to have ended boom and bust, calling it “the greatest failure of economic policy-making for more than 30 years, since the IMF crisis of 1974. He will tell analysts at Bloomberg’s City HQ that the “deficit deniers” are “taking the British people for fools”. Balls may be the worst and most explicit deficit denier, but none of the Labour leadership candidates has much to say about the fiscal crisis they created.




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

Quote of the Day

Alan Sugar on Jeremy Corbyn:

“It’s clear you alluded to students refunds to get votes from young impressionable people. You are a cheat and should resign.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Exclusive: New Government Appointments in Full Exclusive: New Government Appointments in Full
Corbyn Deletes Another Wrong Tweet Corbyn Deletes Another Wrong Tweet
Everything is Awesome for Manufacturing Everything is Awesome for Manufacturing
HMT Predictions Way Off HMT Predictions Way Off
#DespiteBrexit: A Classic of the Genre #DespiteBrexit: A Classic of the Genre
Hat-Trick of Brexit Good News Hat-Trick of Brexit Good News
Guido’s Student Debt Story on Standard Front Page Guido’s Student Debt Story on Standard Front Page
Watch: Shadow Minister Makes Student Debt Promise Watch: Shadow Minister Makes Student Debt Promise
IPSO Throws Out Baroness Scotland Complaints IPSO Throws Out Baroness Scotland Complaints
100% Inheritance Tax: Stupid or Evil? 100% Inheritance Tax: Stupid or Evil?
Paul Mason’s Play in 60 Seconds Paul Mason’s Play in 60 Seconds
Sunday Shows Sunday Shows
City Confident as Hiring Rates Rocket City Confident as Hiring Rates Rocket
Watch: Best Maiden Speech of 2017 Intake Watch: Best Maiden Speech of 2017 Intake
Child Protection Investigation ‘Stalled to Help Labour’ Child Protection Investigation ‘Stalled to Help Labour’
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
BBC #NotOnTheList Stars Paid Via Production Companies BBC #NotOnTheList Stars Paid Via Production Companies
Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket” Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket”
Champion: ‘Not Possible’ to Keep Student Debt Promise Champion: ‘Not Possible’ to Keep Student Debt Promise
BBC Rich List Revealed: Salaries In Full BBC Rich List Revealed: Salaries In Full