Statement on Daily Telegraph reports

Responding to reports in tomorrow’s Daily Telegraph Ed Balls said tonight:

“It is now abundantly clear that whoever is using these documents is doing so with very clear political motives and misrepresenting what is contained in them to promote a Tory party agenda – wherever the investigations into how they were obtained lead.

“Once again the headlines and allegations are not remotely substantiated by either the content of the documents or the reality of what happened. The fact is that before the global financial crisis Britain had a lower deficit and national debt than Labour inherited from the Conservatives in 1997. The 2007 spending review plans show the current budget moving into structural surplus – even with our commitments in Iraq and Afghanistan. That spending review delivered slower spending growth with demanding efficiency targets – spending plans which were fully endorsed by David Cameron, George Osborne and the Conservative Party at the time.

“So however much the Conservative Party and their supporters sensationalise these papers, and try to re-write history, their allegations are not borne out by reality. They will not be allowed to divide the Labour Party and these kinds of dirty tricks will never distract or dissuade me from taking the fight to George Osborne, David Cameron and the Conservative Party for the damage their misguided policies are doing to jobs, our economy and our vital public services.

“I will continue making the case that by cutting too far and too fast George Osborne is delivering slower growth and higher unemployment, which is making it harder to get the deficit down. And I will press George Osborne this week to use his Mansion House speech to change course and adopt a balanced deficit plan in the national interest.”

ENDS

“This is why we are sticking to Labour’s spending totals. Taken alone, these are tight.”
David Cameron, Speech to CBI, 15 July 2008

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Posted June 10th, 2011 by Ed's team

2 Responses to “Statement on Daily Telegraph reports”

  1. Lee Godfrey says:

    Good response. The fact that the debt and deficit were lower in 2007 than in 1997 is not used nearly enough in public discourse. Need to to repeat and repeat that fact until blue in the face.

  2. matt says:

    But Lee, you are not comparing like with like. It is therefore a meaningless comparison.

    1997 was just four years after the previous recession, of course the figures were worse.

    If you want comparable figures, compare 1997 with the levels of debt in 2013-14. Not quite so flattering of your argument now, is it?

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