Those hoping that a Labour government would look very different from the current Conservative-led government are likely to be disappointed.
Asked by the Today programme what he would reverse from Osborne’s Budget yesterday, Ed Balls replied that there was nothing.
"From yesterday to be honest… there’s nothing I’m saying to you from yesterday I would reverse," he said.
How can this be? Under Osborne’s plans, there will be an additional £20 billion of cuts to welfare, tax credits and public sector pensions, with overall cuts set to be far larger than anything we have seen over the past five years.
Yesterday the Institute of Fiscal Studies described the scale of Osborne’s planned welfare cuts as “unprecedented”. Under Osborne, parts of our social security system will be made almost non-existent.
Just this month, Labour were warning that this would take Britain “back to the 1930s”. Now the shadow chancellor is saying it’s all fine with him.
So why the change? Well the first reason is thatRead More »from Ed Balls would not reverse anything in Osborne’s budget