Latest Ed Balls News

  • Labour To Cut Rates For Small Businesses
    Labour To Cut Rates For Small Businesses Tue, Mar 31, 2015

    Labour has pledged to reverse the Government's final cut in corporation tax to pay for a reduction in rates for small businesses. Shadow Chancellor Ed Balls has also promised smaller firms they will be the first to benefit from future tax cuts if Labour takes power in the General Election. Mr Balls said that reversing the corporation tax cut would allow Labour to slash business rates on 1.5 million small business premises. Labour argues that 17 small firms would benefit from the cut for every large business helped by the reduction in corporation tax. More »

  • Coalition parties hail GDP figures
    Coalition parties hail GDP figures Tue, Mar 31, 2015

    GDP figures showing the British economy growing faster than expected have given a General Election boost to the coalition parties. More »

  • General Election 2015: The 20 Most Marginal Seats Which Could Swing The Res …
    General Election 2015: The 20 Most Marginal Seats Which Could Swing The Res … Mon, Mar 30, 2015

    The outcome of the general election will be determined by the results in just a cluster of constituencies More »

  • PM Heads To Palace As Election Battle Begins
    PM Heads To Palace As Election Battle Begins Mon, Mar 30, 2015

    David Cameron will make a short trip from Downing Street to Buckingham Palace today to ask the Queen to dissolve Parliament. The final act of pomp and ceremony of his coalition government will be followed by a statement from the Prime Minister on the steps of Number 10 in which he will say the country faces "a stark choice" between the Conservatives and Labour. "Or you can choose the economic chaos of Ed Miliband's Britain - over £3,000 in higher taxes for every working family to pay for more welfare and out-of-control spending. Labour leader Mr Miliband joined shadow business secretary Chuka Umunna and shadow chancellor Ed Balls for the launch of Labour's business manifesto at Bloomberg. More »

  • EU vote 'danger to jobs' - Miliband
    EU vote 'danger to jobs' - Miliband Sun, Mar 29, 2015

    Ed Miliband will seek to win over the business community ahead of May's general election with a warning that a Conservative government holding a referendum on Britain's EU membership posed a "clear and present danger" to jobs and prosperity. More »

  • EU exit economic self-harm - Clegg
    EU exit economic self-harm - Clegg Sun, Mar 29, 2015

    Leaving the European Union would be an act of economic "self harm", Nick Clegg has said. More »

  • Labour pledges not to raise NI
    Labour pledges not to raise NI Wed, Mar 25, 2015

    Labour has countered David Cameron's pledge not to increase VAT if the Conservatives win the general election with its own promise not to hike National Insurance. More »

  • David Cameron drops VAT bombshell on Ed Miliband during Prime Minister's …
    David Cameron drops VAT bombshell on Ed Miliband during Prime Minister's … Wed, Mar 25, 2015

    David Cameron secured a minor pre-general election victory and shocked Ed Miliband when he promised a future Tory government would not raise the rate of VAT. The promise came during the final Prime Minister's Questions of this Parliament and with just weeks to go before the vote in May. Ed Balls had promised a Labour government would not raise the 20% VAT rate, which is typically levied on goods and services, earlier in March. The shadow chancellor also attacked the Tories over the tax, claiming Cameron would raise the levy if he gained office after the general election. More »

  • SNP 'will block Tory minority rule'
    SNP 'will block Tory minority rule' Tue, Mar 24, 2015

    The Scottish National Party would block any Conservative attempt to form a minority government by voting down a Tory Queen's Speech if it holds the balance of power after the general election, Alex Salmond has said. More »

  • Labour's Balls in pledge on VAT
    Labour's Balls in pledge on VAT Tue, Mar 24, 2015

    Labour would not raise the rate of VAT if it is returned to government, Ed Balls will declare as parties continued to battle over post-election tax and spending plans. More »

  • George Osborne Says Economy Still Struggling
    George Osborne Says Economy Still Struggling Mon, Mar 23, 2015

    The Chancellor has admitted the UK's economic problems are not over and there is "lots more work to do". George Osborne also insisted Britain should be "in Europe, but not run by Europe" as he defended the Government's decisions on a range of issues including savers and zero hours contracts. Mr Osborne was answering questions at Sky News' Ask The Chancellors event at Facebook's central London offices. More »

  • Ed Balls: Mansion Tax Will Save The NHS
    Ed Balls: Mansion Tax Will Save The NHS Mon, Mar 23, 2015

    Ed Balls has defended his party's plans for a mansion tax, saying people with the "broadest shoulders" should be asked to pay their fair share "so we can save the NHS". The shadow chancellor said many of the high-value properties were owned by international investors and that provision had been made in the plans to make sure those who had low incomes but had benefited from house-price rises were not unfairly penalised. Mr Balls said he was committed to staying in the EU and that Britain could be influential in Europe and change the way things were working. Mr Balls said the UK did not need to be a part of the Euro to be influential in Europe and that a Government should not play politics with Britain's membership. More »

  • Balls Shows Deft Touches, But Gets Kicks Too
    Balls Shows Deft Touches, But Gets Kicks Too Mon, Mar 23, 2015

    Dealt a tough hand, Ed Balls played it as deftly as he could. Facing an audience in which there were plenty of business people , the shadow chancellor highlighted at every opportunity how Labour would keep Britain in the EU. Mr Balls, a noted Atlanticist, pressed home time and again how, on his recent visits to the United States, politicians and business people were astonished at the very notion that Britain, should the Conservatives be re-elected, will hold a referendum on EU membership. "People in America say to me that they want to be in Britain selling into that market. More »

  • Miliband dismisses Salmond input
    Miliband dismisses Salmond input Mon, Mar 23, 2015

    Alex Salmond will never be allowed input in a UK Labour government budget "in a million years", leader Ed Miliband has said. More »

  • Osborne And Balls Prepare For Live TV Showdown
    Osborne And Balls Prepare For Live TV Showdown Mon, Mar 23, 2015

    George Osborne and Ed Balls are preparing to face questions from a live audience on Sky News, in an event that could decide which party voters trust with the public finances. "Ask The Chancellors", which will be held at the headquarters of Facebook in London, follows on from similar question and answer sessions for party leaders including David Cameron and Ed Miliband. Ask The Chancellors will be broadcast live on Sky News and all its platforms as well as live streamed to millions on the Sky News Facebook page and YouTube channel . More »

  • SNP 'power' claims from Salmond
    SNP 'power' claims from Salmond Sun, Mar 22, 2015

    The SNP would hold "the power" if a Labour government needed its votes to survive, Alex Salmond has insisted. More »

  • Ask The Chancellors: Sky News To Host Q&A
    Ask The Chancellors: Sky News To Host Q&A Sat, Mar 21, 2015

    Sky News and Facebook are to host an "Ask The Chancellors" event on Monday, 23 March, with key opinion formers quizzing George Osborne and Ed Balls in a TV showdown. An audience of entrepreneurs, start-up companies and local businesses will ask tough questions of the Chancellor and shadow chancellor at an event in London hosted by Sky News Political Editor Faisal Islam. More »

  • NHS 'heading downhill' under Tories
    NHS 'heading downhill' under Tories Fri, Mar 20, 2015

    Labour has claimed the NHS is "heading downhill" under the Conservatives and more cuts will throw it into crisis as it launched its first poster of the election campaign. More »

  • Osborne Rejects Public Service Cuts Fears
    Osborne Rejects Public Service Cuts Fears Thu, Mar 19, 2015

    George Osborne dismissed fears over spending cuts to public services raised by the Office for Budget Responsibility. Speaking on Sky News, Mr Osborne said the cuts were necessary but did not pinpoint exactly where the axe would fall. The Office for Budget Responsibility (OBR) report released on the day of the Budget says the Conservatives' cuts leave "a rollercoaster profile of implied public services spending through the next parliament". Discussing his plans for a further £12bn welfare savings cuts, Mr Osborne said: "I'm not suggesting that these things are easy, but they are necessary if we are going to go on living within our means. More »

  • A Small-Scope Budget Of Wi-Fi And Church Roofs
    A Small-Scope Budget Of Wi-Fi And Church Roofs Wed, Mar 18, 2015

    The first is that there has been a significant change, since the Autumn Statement in December, in George Osborne's public spending plans should he remain Chancellor for another five years. In the Autumn Statement, Mr Osborne was assuming the Government would be running a surplus of £23.1bn in 2019-20. He has now forecast that the Government would have a surplus of just £7bn in that year. The reason, one must assume, is that the frequent claims by the Shadow Chancellor Ed Balls that Mr Osborne intended to "return Britain back to the 1930s" have hit home. More »

  • Osborne unveils pre-poll package
    Osborne unveils pre-poll package Wed, Mar 18, 2015

    In a deeply political Budget seven weeks ahead of the general election, Chancellor George Osborne offered financial goodies to taxpayers, savers, home-buyers and the regions of Britain, while doing his best to blunt Labour's lines of attack in what is expected to be the most tightly-fought campaign of modern times. More »

  • Balls 'unhelpful' in party talks
    Balls 'unhelpful' in party talks Wed, Mar 18, 2015

    Ed Balls may have contributed to the failure of talks between Labour and the Liberal Democrats after the last election due to his "bad body language", according to a new film. More »

  • Osborne could unveil spending boost
    Osborne could unveil spending boost Tue, Mar 17, 2015

    Chancellor George Osborne has been putting the final touches to the last Budget of this Parliament, amid speculation that he will use it to blunt Labour's lines of attack in the upcoming general election battle. More »

  • Budget: How Office Workers Have Fared Best
    Budget: How Office Workers Have Fared Best Tue, Mar 17, 2015

    Had things worked out differently, George Osborne might have been running the family business these days, selling Osborne & Little wallpaper to fit the homes of the well-to-do around the country. Before coming into office Osborne confided in friends that he was likely to become the most unpopular Chancellor in history, given the scale of austerity necessary to bring Britain back into balance. More »

  • Stars remember 'great' Attenborough
    Stars remember 'great' Attenborough Tue, Mar 17, 2015

    The life of the "truly great" Oscar-winning film director Richard Attenborough has been celebrated by a host of A-list stars. More »

  • Miliband: No SNP Ministers In My Government
    Miliband: No SNP Ministers In My Government Mon, Mar 16, 2015

    Ed Miliband has ruled out any coalition deal with SNP that would see Scottish ministers in Westminster. The Labour leader insisted the party would not form a Government with nationalist MPs from north of the border if Labour did not win a majority in May. Speaking at an event in Leeds, he said: "Labour will not go into coalition government with the SNP. Crucially, however, he stopped short of ruling out a looser arrangement that would see the SNP offering limited support to shore up Labour. More »

  • UKIP sets out post-election terms with Conservatives
    UKIP sets out post-election terms with Conservatives Sun, Mar 15, 2015

    By Kylie MacLellan LONDON (Reuters) - The leader of Britain's anti-EU UK Independence Party has offered to do a deal with Prime Minister David Cameron's Conservatives if they fail to win a knife-edge May election outright. With opinion polls showing it is likely no single party will win a majority on May 7, UKIP leader Nigel Farage said his party and Northern Ireland's Democratic Unionist Party could combine forces to support the Conservatives on an issue-by-issue basis. Cameron has promised to renegotiate Britain's relations with the European Union ahead of a membership referendum by the end of 2017 if re-elected, but UKIP would demand that vote is held this year, Farage said. More »

  • Labour says it may reduce nuclear deterrent subs if it wins election Sun, Mar 15, 2015

    The opposition Labour party would look at cutting the fleet of submarines carrying Britain's Trident nuclear deterrent to three vessels from four if it wins a national election on May 7, the party's finance spokesman Ed Balls said on Sunday. The Scottish National Party, who could hold the balance of power after the election, oppose the renewal but this month dropped a demand Labour must also do so in return for their support. Balls said a Labour government would hold a defence review after the election and, while the party was committed to renewing Trident and maintaining a continuous at-sea deterrent, this did "not necessarily" mean replacing all four submarines. Prime Minister David Cameron's Conservatives, neck-and-neck with Labour in many polls, favour a like-for-like replacement, while their junior coalition partners, the Liberal Democrats, believe the fleet should be scaled down. More »

  • Osborne unveils pension reform, pledges no pre-election budget giveaways
    Osborne unveils pension reform, pledges no pre-election budget giveaways Sun, Mar 15, 2015

    By Kylie MacLellan and William Schomberg LONDON (Reuters) - British Chancellor George Osborne offered a sweetener to pensioners on Sunday, less than two months before a national election, but promised there would be no big giveaways for voters when he sets out his final pre-vote budget. With many opinion polls showing the governing Conservatives neck-and-neck with the opposition Labour party, Osborne will be looking for a chance to boost his party's re-election prospects at his annual budget statement on Wednesday. While his hopes of delivering major tax cuts have been frustrated by slow progress in bringing down Britain's budget deficit, Osborne has been given some room for manoeuvre by a sharp fall in inflation that has lowered the cost of interest payments on some government bonds and welfare payments. More »

  • Balls refuses to rule out SNP deal
    Balls refuses to rule out SNP deal Sun, Mar 15, 2015

    Ed Balls has repeatedly refused to rule out Labour striking a post-election coalition deal with the SNP. More »

  • UK budget has perks for elderly, 'Google tax'
    UK budget has perks for elderly, 'Google tax' Sun, Mar 15, 2015

    Chancellor of the Exchequer George Osborne leaves the Treasury for the House of Commons to deliver the Autumn statement on December 3, 2014 More »

  • Balls says Labour wants financial services to flourish
    Balls says Labour wants financial services to flourish Thu, Mar 12, 2015

    By Guy Faulconbridge and William Schomberg LONDON (Reuters) - Britain's Labour Party will help the financial services industry prosper as a global exporter but will ensure vigilant scrutiny by regulators if Ed Miliband wins the May 7 national election, the opposition party's finance minister-in-waiting said on Wednesday. In an attempt to allay financiers' concerns that a possible Miliband government would damage London's position as the only financial capital to rival New York, Ed Balls said he wanted to see the financial services sector expand. "If you take a 30-year view, we have a huge opportunity to sell pensions and life insurance and our wider financial services expertise to huge emerging markets like China and India and other countries around the world," Balls told Reuters . "This is part of our economy that we should be seeking to expand and grow in the coming decades and not shrink," Balls said in an interview. More »

  • UK should take time to get money back from RBS - Labour's Balls
    UK should take time to get money back from RBS - Labour's Balls Wed, Mar 11, 2015

    A British government run by the Labour Party would take its time in selling its ownership of state-controlled bank RBS in order to get taxpayers' money back, the man who would be finance minister if Labour wins May's elections said on Wednesday. RBS was rescued with a 45 billion pound bailout using state funds in 2008 as the financial crisis hammered Britain's banking sector, and the government retains an 80 percent stake in the lender. Shares in RBS are currently trading at 358 pence, well below the government's 502 pence a share buy-in price. Ed Balls, Labour's top finance official, told Reuters that the scale of RBS, and of the problems which beset it during the crisis, meant there was still no quick fix for the bank and suggested there should be no rush to sell it at a discount. More »

  • 'Colossal' Tory Cuts Will Hit NHS, Says Balls
    'Colossal' Tory Cuts Will Hit NHS, Says Balls Mon, Mar 9, 2015

    The "unprecedented" scale of Tory spending cuts would mean the NHS would end up footing the bill, the shadow chancellor has said. Ed Balls said the Conservatives would take the country back to the 1930s with "colossal" cuts that would amount to £70bn in the next parliament. He said: "Our analysis shows clearly - countries which reduce public spending at the pace George Osborne intends have found they have had no alternative but to cut health spending. In a speech in central London the shadow chancellor warned the cuts would lead to the smallest police force since comparable records began and the smallest Army since Oliver Cromwell's time. More »

  • Balls: SNP pact 'not part of plans'
    Balls: SNP pact 'not part of plans' Mon, Mar 9, 2015

    Coalition with the SNP after the May 7 general election is "not part of Labour's plans", shadow chancellor Ed Balls has said. More »