Red Ed V the IMF

On only his second day as leader Ed Miliband has come up a pretty big obstacle to his message on the economy – the IMF. Red Ed’s job has been made a lot harder by the IMF’s analysis that “the government’s strong and credible multi-year fiscal deficit reduction plan is essential to ensure debt sustainability.” Red Ed believes the Coalition’s plan is ‘economically dangerous’ whereas the IMF says it is ‘essential’.

In his keynote speech to conference tomorrow, the first time most of the voters will really see him, the broadsheet commentariat will be watching to see if he will call for a slower rate of deficit cutting than even Darling wanted before the election. He campaigned, like his rival Ed Balls, as a deficit denier so it remains to be seen if winning the leadership will see him dump his left-wing “Red Ed” campaign rhetoric. The IMF says the government’s plans are ‘appropriately ambitious” and will lead not to a double-dip recession but ‘sustainable recovery’. If this doesn’t trigger a rewrite of his campaign script then Red Ed is even more of a loser than his Blairite critics suggest…


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Quote of the Day

Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

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