Hands up if you're being screwed by inflation
AS LABOUR gathered in Liverpool for its party conference this week, one of their top priorities was to fashion a message on the dominant issue in British politics today: the economy. They failed.
FISCAL FAILURE
On the fiscal side, the shadow chancellor Ed Balls, unveiled an economic recovery package that seemed like it had been drawn up by a right-wing blogger taking the mick; it simply amounted to borrowing and spending more money. He refused to apologise for Labour’s borrowing – even when the economy was growing – to spend on its public sector client state. But considering that the beneficiaries of that largesse are Labour’s core vote and paymasters his hands are pretty much tied.
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