IMF Reality V Balls Deficit Denial

The Prime Minister is not going to have a very nice day in the Commons as he faces his first PMQs since siding with Andrew Mitchell over the word of the coppers. One bit of news he will inevitably fall back on is the IMF declaring 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.

Instead of apologising for this economic terrorism that saw the UK the least well prepared country in the G7 to face a crisis and running one of the largest peacetime deficits in the developed world, Balls simply pretends it never happened. 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?

We can autotune it if it makes it easier…

UPDATE: More ammo for the PM on what should be a tricky day – Employment has reached a record high at almost 30m, with unemployment down by 50,000 in the last quarter from 8.1% to 7.9%. Youth unemployment has also dropped below one million for the first time in a year.




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

Quote of the Day

A senior Brexiter:

“If Theresa and Julian have sold us out here they are in real trouble. She reassured us all at the 1922. There is no way she can recover if she has now fucked us over.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Shouty Cracker Lord Moat’s Mask Slips Shouty Cracker Lord Moat’s Mask Slips
Jolyon’s Mystery £100,000 Donor Jolyon’s Mystery £100,000 Donor
Sandbach: I”ll Report Non-Constituents to Police Sandbach: I”ll Report Non-Constituents to Police
How Dominic Cummings Cost Taxpayers £20 Billion How Dominic Cummings Cost Taxpayers £20 Billion
Collins Data Breach Collins Data Breach
Onward to Higher Taxes Onward to Higher Taxes
Meet Love Island DfE Adviser Meet Love Island DfE Adviser
Question Time Runners and Riders Question Time Runners and Riders
Thomas Markle: Harry “Open To” Brexit Thomas Markle: Harry “Open To” Brexit
Watch: AC Grayling Vs Andrew Neil Watch: AC Grayling Vs Andrew Neil
In Full: 103 Resignations Under Corbyn In Full: 103 Resignations Under Corbyn
Banks Legals Verhofstadt Over Putin Tweet Banks Legals Verhofstadt Over Putin Tweet
Hypocrisy of Chuka Hypocrisy of Chuka
Daily Brexit? Daily Brexit?
Claire Perry Accuses Bercow of “Sexist and Demeaning” Behaviour Claire Perry Accuses Bercow of “Sexist and Demeaning” Behaviour
Farage vs Verhofstadt Farage vs Verhofstadt
Watson Dodges Labour Live Watson Dodges Labour Live
WATCH: Andrea Jenkyns Takes on Remain Protesters WATCH: Andrea Jenkyns Takes on Remain Protesters
Philip Lee Resigns Philip Lee Resigns