Latest Ed Balls News

  • Wages Growth Shows Battle Is Between Economic Figures and Feelings
    Wages Growth Shows Battle Is Between Economic Figures and Feelings Wed, Apr 16, 2014

    Wednesday 16 April 2014 is the day the Tory party would love to hail as the turning point in the recovery, when unemployment continued falling and, most significantly, wages outstripped inflation, destroying Labour's "cost of living crisis" assault. The reason George Osborne and others have been cautious in their reaction to the figures is because they are just that - figures, statistics and controversial ones at that. And, for the same reason, while Ed Miliband and Ed Balls will be worried the figures may have a major impact on their strategy, they are showing no signs of abandoning it just yet. The Office for National Statistics has reported that average earnings in the three months to February grew by 1.7%. More »

  • Ed Balls Facing Police Probe Over Car Prang
    Ed Balls Facing Police Probe Over Car Prang Wed, Apr 16, 2014

    Ed Balls is facing a police investigation after hitting a car and driving off without reporting it. The shadow chancellor was leaving the Labour rooms in Morley during a constituency visit when he damaged the car. West Yorkshire Police have confirmed officers are making inquiries into a "fail to stop collision". Mr Balls admitted he caused the damage and has apologised to the owner of the black Peugeot 306. More »

  • Police probe Balls car collision
    Police probe Balls car collision Wed, Apr 16, 2014

    Police have launched an investigation into how shadow chancellor Ed Balls drove off after colliding with a parked car without informing the owner. More »

  • UK inflation hits new four-year low, house prices continue rise
    UK inflation hits new four-year low, house prices continue rise Wed, Apr 16, 2014

    Chancellor of the exchequer George Osborne said the data showed his coalition government policies were bringing greater economic security, and his civil servants have said that on some measures, living standards are already rising. But his Labour Party opposite number, Ed Balls, said the CPI data failed to capture rapidly rising house prices, and that tax and benefit changes since 2010 meant that the average household was almost 1,000 pounds a year worse off. House prices are rising at their fastest since June 2010, up 9.1 percent on the year, according to ONS data released alongside the CPI figures. Prices in London are up 17.7 percent, the biggest jump since July 2007. More »

  • UK Wages Boost Skewed by Executive Pay Rises, says Labour's Balls
    UK Wages Boost Skewed by Executive Pay Rises, says Labour's Balls Tue, Apr 15, 2014

    Britain's shadow chancellor Ed Balls has hit back at figures that show wages are improving in the UK after claiming that bumper executive pay skews the data. Balls added that while data shows that the UK economy is recovering and wages are set to rise above inflation, "millions of people are not feeling any recovery in their own lives and standard of living". Average earnings figures, which can be driven by large pay rises at the top, often mask what is happening in the middle and at the bottom," said Balls, in an article he wrote for the Guardian newspaper. On 14 April, Ernst & Young revealed that the average UK wage will increase by 1.7% this year and surpass inflation. More »

  • Labour bounces back after post-Budget poll blow
    Labour bounces back after post-Budget poll blow Tue, Apr 15, 2014

    Labour has rebuilt its lead over the Tories following a post-Budget poll bounce, with the party now five points ahead. More »

  • Farah eighth on marathon debut
    Farah eighth on marathon debut Sun, Apr 13, 2014

    The warmest temperatures anywhere in the UK fell on runners and spectators at this year's 34th London Marathon - as much-fancied crowd favourite Mo Farah came home in eighth place for his course debut. More »

  • George Osborne: UK Jobs Growth Proves Austerity Critics Wrong
    George Osborne: UK Jobs Growth Proves Austerity Critics Wrong Fri, Apr 11, 2014

    Britain's Chancellor George Osborne argued that the UK's strong pace of job creation and economic growth vindicates his controversial austerity programme. "In the UK, we have those conditions in place, and our economy has grown faster than any other in the G7 over the last year and is now forecast by the IMF to do the same in 2014," Osborne said. The Chancellor outlined the country's strong job growth during the speech as there are now more than 30 million people in work in the UK, according to official figures. The figures mean the UK is set to outpace the economies of the US, France and Germany. More »

  • Sadiq Khan MP: A better side to politics Fri, Apr 11, 2014

    Shadow Justice Secretary Sadiq Khan is nervously awaiting Sunday's London Marathon which he is running for the Dispossessed Fund. More »

  • Unlikely I'll ever be PM - Balls
    Unlikely I'll ever be PM - Balls Thu, Apr 10, 2014

    Ed Balls says he has put ambitions to be Labour leader out of his mind because it was "very, very unlikely" ever to happen. More »

  • Cabinet Reshuffle: Enter A New Breed Of Tory
    Cabinet Reshuffle: Enter A New Breed Of Tory Wed, Apr 9, 2014

    The PM has announced his mini reshuffle following Maria Miller's resignation, heralding in a new breed of high-flying Tories. All are from the 2010 intake, one from David Cameron's A-list, and have been tipped for big futures. It has been estimated that Mr Javid took a 98% paycut to become MP for Bromsgrove. The son of a bus driver, who left Pakistan for Rochdale, had been a senior managing director at Deutsche Bank in charge of trading operations in Asia until 2009, where he had been earning an estimated £3m a year. More »

  • IMF Sees UK Growth Remaining Fastest In G7
    IMF Sees UK Growth Remaining Fastest In G7 Tue, Apr 8, 2014

    The International Monetary Fund (IMF) has raised its forecast for Britain’s economic growth more than any other major economy for the third time in a row, in a boost to the Chancellor’s fortunes. The upgrade, which is likely to be seized on by the Chancellor as further evidence of British success, comes one year on from the IMF chief economist’s warning that George Osborne was "playing with fire" with his austerity policies. At that stage, Britain was facing the prospect of a possible triple-dip recession. Now, the Fund says that not only is growth strong in the UK, there is a significant chance of an "upside risk" - in other words even stronger growth than its central prediction. More »

  • IMF: UK Fastest Growing Western Economy in 2014
    IMF: UK Fastest Growing Western Economy in 2014 Tue, Apr 8, 2014

    Britain will be the fastest growing Western economy during 2014, according to the International Monetary Fund. The IMF upgraded its forecast for UK growth to 2.9% in 2014, up from its previous estimate of 2.4% in the biggest upward revision of any major economy. And the IMF said that it may be underestimating the UK's economic performance, meaning growth in 2014 could be even higher But the IMF also warned that the UK economy is still unbalanced and there is work to do in shifting its reliance away from the service sector, which accounts for around three quarters of GDP. More »

  • IMF: UK economy to grow by 2.9%
    IMF: UK economy to grow by 2.9% Tue, Apr 8, 2014

    The UK is set to be the world's fastest-growing major advanced economy this year according to a sharply-upgraded forecast from the International Monetary Fund (IMF). More »

  • Labour plans 'city region' powers
    Labour plans 'city region' powers Tue, Apr 8, 2014

    A new generation of more powerful "city regions" would be created by Labour in England to rebalance the economy away from London and share the benefits of growth, Ed Miliband said. More »

  • Labour frontbench backing Miliband
    Labour frontbench backing Miliband Sun, Apr 6, 2014

    Labour frontbenchers have today come out in support of leader Ed Miliband, crediting him for turning the party's fortunes around since the 2010 General Election. More »

  • Jermain first male to win The Voice
    Jermain first male to win The Voice Sun, Apr 6, 2014

    Jermain Jackman was voted the winner of BBC's The Voice, landing a major record deal as his prize and becoming the first male winner of the show. More »

  • Labour steps up tax changes attack
    Labour steps up tax changes attack Fri, Apr 4, 2014

    Families will be almost £1,000 a year worse off as a result of Chancellor George Osborne's tax and benefit changes, Labour has claimed as it escalated its attack on the Government's "cost-of-living crisis". More »

  • UK Households £1,000 a Year Poorer by 2015, Labour Warns
    UK Households £1,000 a Year Poorer by 2015, Labour Warns Thu, Apr 3, 2014

    Households will be £974 a year worse off by the time of the next general election because of tax and benefit changes since the Coalition Government came to power. According to research from the Labour Party, which used figures from the Institute for Fiscal Studies (IFS), a family with children where both parents are working will be on average £2,073 ($3,438, €2,499)a year worse-off, and where only one parent is working they will be on average £3,720 a year out of pocket. "These figures also show that families with children, and one-earner families in particular, have been hit hardest of all by David Cameron and George Osborne's choices," said Ed Balls MP, Labour's shadow chancellor. More »

  • Westminster Times: Burying Bad News, Cameron's Shopping, Badgers and Farage's …
    Westminster Times: Burying Bad News, Cameron's Shopping, Badgers and Farage's … Thu, Apr 3, 2014

    Ukip's Nigel Farage makes much of his City experience and claims he represents the views of the business community. So it came as a bit of a surprise when he made the following declaration at the start of his second TV debate with Nick Clegg. More »

  • Cameron comes under pressure over Royal Mail sell-off
    Cameron comes under pressure over Royal Mail sell-off Wed, Apr 2, 2014

    Prime Minister David Cameron came under pressure in parliament on Wednesday over his government's sale of Royal Mail with the Labour party accusing him of selling the firm off too cheaply to a handful of rich London investors. The government's handling of the sale of a 60 percent stake in the 500-year-old state postal operator last October at 330 pence a share has come under renewed scrutiny after the country's spending watchdog concluded the government had set the price too low. Labour has seized upon the flotation, and the quick profits made by big banks and City investors, to reinforce one of its central arguments ahead of next year's general election - that Cameron's government is out of touch with ordinary voters. "He sold at 330p and this morning the price was 563 pence," Ed Miliband, Labour's leader, told parliament. More »

  • PM And Miliband Trade 'Dunce' And 'Muppet' Slurs
    PM And Miliband Trade 'Dunce' And 'Muppet' Slurs Wed, Apr 2, 2014

    Ed Miliband labelled David Cameron the "dunce of Downing Street" over the Government's sell-off of the Royal Mail during Prime Minister's Questions. In turn the Prime Minister responded by calling Mr Miliband and his shadow chancellor Ed Balls "muppets". During a fierce exchange, the Labour leader accused Mr Cameron of selling off the Royal Mail at "mates rates" to his friends in the City. It came after the National Audit Office found that the taxpayer was short-changed by over £1bn because the Government undervalued the Royal Mail when put shares on the market. More »

  • 'Dunce' PM accused over Mail sale
    'Dunce' PM accused over Mail sale Wed, Apr 2, 2014

    Ed Miliband has accused Prime Minister David Cameron of selling off the Royal Mail at "mates' rates" to friends in the City. More »

  • Labour party warns against 'foolish' EU exit
    Labour party warns against 'foolish' EU exit Tue, Apr 1, 2014

    Britain would be reckless and foolish to walk away from its membership of the European Union, the Labour party's finance spokesman will say on Tuesday, warning of the damage an EU exit would have on jobs and investment. Britain's future in Europe is in doubt with Prime Minister David Cameron promising an in/out referendum by 2017 if his party wins an election next year. The anti-EU UKIP also has a small but growing share of the popular vote according to opinion polls. Labour, ahead of the Conservatives in the polls, broke their silence on the subject this month, saying they would only offer a referendum if there was a further transfer of power to Brussels - something they said was unlikely before 2020. More »

  • Let's work together, Balls says
    Let's work together, Balls says Tue, Apr 1, 2014

    Business and government must work together to win back public trust as part of the drive to boost the economy and improve living standards, according to the shadow chancellor. More »

  • Ed Balls: 'Pro-Business' Labour Would Fiddle with Failing Markets
    Ed Balls: 'Pro-Business' Labour Would Fiddle with Failing Markets Mon, Mar 31, 2014

    Ed Balls insists Labour is "pro-business" but said his party would not be afraid to intervene in failing markets if it is elected to government in 2015. In remarks released ahead of a speech to the British Chamber of Commerce (BCC), the shadow chancellor promised to back business through a number of policy pledges. He said Labour would make the banking sector more competitive and focus on boosting business lending; "Our task is to show that a dynamic and open market economy can work to raise living standards for all," Balls will say at the BCC annual conference in his speech. More »

  • Pound story 'blow to no campaign'
    Pound story 'blow to no campaign' Sun, Mar 30, 2014

    The campaign against independence has suffered a "demolition" blow following a UK minister's suggestion the pound would be shared in the event of a Yes vote, Scotland's First Minister said. More »

  • Labour's poll lead cut to one point
    Labour's poll lead cut to one point Sun, Mar 30, 2014

    Labour's lead over the Conservatives has been cut to just a single point in an opinion poll which will make grim reading for Ed Miliband. More »

  • Abbott call to Labour on austerity
    Abbott call to Labour on austerity Sat, Mar 29, 2014

    Fewer than 10% of welfare claimants are "the archetypal Benefits Street layabout", a senior Labour MP has said as she urged Ed Miliband to come up with an effective alternative to the Government's austerity measures. More »

  • Osborne dismisses currency union
    Osborne dismisses currency union Sat, Mar 29, 2014

    George Osborne has dismissed the idea of a currency union with an independent Scotland as the UK Government moved to distance itself from damaging comments made by an anonymous minister suggesting that the pound would be shared in the event of a Yes vote. More »

  • Sturgeon welcomes currency reports
    Sturgeon welcomes currency reports Fri, Mar 28, 2014

    The Deputy First Minister has welcomed reports that a pro-union government minister believes there would be a currency union between an independent Scotland and the rest of the UK. More »

  • Miliband Pledges Energy Help for Small Business
    Miliband Pledges Energy Help for Small Business Fri, Mar 28, 2014

    Ed Miliband is attempting to seize the political opportunity offered by a renewed row over energy prices with a series of announcements aimed at keeping the economic debate on his chosen turf. More »

  • Clegg taunts rivals over EU debate
    Clegg taunts rivals over EU debate Thu, Mar 27, 2014

    Nick Clegg taunted David Cameron and Ed Miliband for lacking "the guts" to take part in a televised debate on Britain's EU membership, after he and Ukip leader Nigel Farage clashed last night. More »

  • MPs vote to cap welfare spending despite political divides
    MPs vote to cap welfare spending despite political divides Wed, Mar 26, 2014

    By William James LONDON (Reuters) - MPs from Britain's three major parties on Wednesday voted to limit how much the government can spend on welfare, despite deep disagreement over the future of a social security system that accounts for almost a third of all government spending. The 210 billion pound per year welfare spend has been the subject of fierce debate among political parties as the government tries to close its budget deficit and cut a 1.2 trillion pound national debt. On Wednesday, members of parliament voted 520-22 to impose a cap on measures such as disability allowance, child support and housing benefits that account for more than half the welfare budget. Conservative Chancellor George Osborne, who has sought to pare back access to the welfare state, said the cap was necessary to fix a system design by the previous Labour government that was "not fair and not affordable". More »

  • MPs vote for welfare spending cap
    MPs vote for welfare spending cap Wed, Mar 26, 2014

    An overall cap on welfare spending has passed the Commons by a huge majority of almost 500, despite warnings it could push hundreds of thousands of children into poverty. More »