“In a speech intended to address Tory claims that Labour cannot be trusted with the economy, the Labour leader will stress that balancing the books will be a key element of the party’s plans for the five years after 2015.”
The article goes on to quote extracts of Miliband’s speech which contains this passage:
“You and I know we won’t have the money. For all of the cuts, for all of the pain under this government, Britain still has a deficit to deal with and a debt to pay down. That’s why our programme starts with a binding commitment to balancing the books in the next government.”
You might ‘know’ that Ed, but I and an increasing number of people know that is bullshit. There is always as much money as is needed. That’s not to say Labour should go mad, but the money will never run out. It’s stuff – people, physical resources and our ability to innovate and create new technologies – which sets the bounds of the possible, never money.
Britain has a deficit, but the things it has to ‘deal with’ are its unemployment problem, its low wage problem, its housing problem. Miliband’s focus on things that are irrelevant, but which undermine attempts to deal with things are relevant, doesn’t inspire a lot of confidence in what a Labour Government under his leadership could achieve.
The Tories deserve to lose next year and the Lib Dems deserve to be wiped out, it’s just that Labour don’t deserve to win. Expect low turnout records to be broken again next May!