Monday, 1 October 2012

Ed Balls Leadership speech (he wishes!)

Blinky was at it again, with another spending promise to add to his recent list (remember the £20 billion he wanted to borrow on a VAT cut and National Insurance Holiday), this time hewants to spend £3 billion (a pittance!) on building 100,000 affordable homes and a stamp duty holiday for first time buyers (Which made no difference to first time buyers the last time they did it). This is not to be no borrowing though, according to Balls....oh no, remember, he was the advisor to 'Prudence' himself. This was to be funded from the sale of the 4g licenses estimated at £3 billion pounds. The trouble is, that there's no guarantee it will raise that figure and in anycase £700 million was already allocated from that in the last budget. So yet again blinky has flunked the with that a dismal failure, let's move onto the politics...his speech had the look and feel  of a leadership speech. If I were Ed Miliband I would avoid getting onto a train to Bradford any time soon!

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