Hain Bashes Balls

The tension from Labour’s underwhelming performance at the locals last week is boiling over. Last night Peter Hain comically denied he was firing a broadside against Ed Balls for not pulling his weight:

It was described by the Guardian as a ‘coded attack’, but now the full piece in Progress is out, the word coded looks like a massive understatement:

“Labour’s Treasury team need to get out on the stump now and work even harder. It shouldn’t just be left to Ed and Harriet to carry the heavy load, whether on the World at One, the Today programme or anywhere else.”

If that is a ‘coded attack’, then bring on the open fireworks. Ever the master of subtly, Hain is so loyal to Miliband, Guido doubts he rumbled Macavity Balls without permission. Though worth remembering the lecture is coming from someone who quit the Shadow Cabinet to make some money…




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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