Shadow Chancellor Blog
Today’s US growth figures
The US government has taken a more balanced and steady approach to deficit reduction up to now and they have more than recovered all the output lost in the global recession, while in Britain we are still almost 4% below our pre-crisis peak. And since George Osborne’s spending review in [...]
More...The Tory economic plan isn’t working, but it doesn’t have to be this way – my Daily Mirror article
Yesterday we found out just how badly David Cameron and George Osborne’s gamble with our economy has backfired. After stalling for more than a year, our economy has now gone into reverse. Hard-pressed families, pensioners and businesses know that it’s hurting, but on jobs, growth and the deficit the evidence is [...]
More...Growth figures are a damning indictment of David Cameron & George Osborne’s failed economic plan
The British recovery has been stalling since the government’s spending review in the autumn of 2010, but now the economy has gone into reverse. Since the Chancellor’s spending review the economy has grown by just 0.3% compared to the 3.0% the government predicted. And far from the eurozone crisis being [...]
More...Response to the IMF’s World Economic Outlook update
The time has now come for David Cameron and George Osborne to realise their economic gamble – cutting spending and raising taxes too far and too fast – has backfired and heed the advice of the independent IMF. Last year the IMF was clear that if growth undershot expectations then the [...]
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- edballsmp: I’ve had many disagreements with Michael Gove, but on this one he's right: CST do a great job on security for Jewish schools
- edballsmp: The US govt's more balanced plan means they have now recovered output lost in recession - UK still 3.8% behind: http://t.co/oRvzn3xa
- edballsmp: The Tory economic plan isn't working - but it doesn't have to be this way. My article in today's Mirror: http://t.co/sOC4l0Nz
- edballsmp: RT @UKLabour: These figures are a damning indictment of Cameron & Osborne’s failed economic plan: http://t.co/x0WbWGAr #jobsplan”
- edballsmp: Yup, she really did... RT @RachelReevesMP: Treasury Minister, Chloe Smith just said "poverty is not about income..."
Constituency News
Politically Speaking column in the Wakefield Express
Monday just gone is commonly known as the most miserable day of the year. ‘Blue Monday’ is weeks from the festive Christmas cheer, New Year diets are getting tough, bills pile up, and it’s dark and cold to boot. Times are really tough at the moment; with unemployment rising, heating bills [...]
More...High speed plans should stretch to Leeds & the North
Speaking to the Yorkshire Evening Post this week, Ed set out his concerns about the Government's plans for High Speed Rail. He said there is little point in a national high speed rail plan if it doesn't reach the north. [...]
More...Saving & borrowing with a Credit Union makes so much sense
New laws came into effect last week that make things easier for Credit Unions to raise money. I’m proud to have introduced that legislation when I was Economic Secretary to the Treasury under the last Labour Government. Credit Unions are owned and controlled by their members and operate for the [...]
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