‘Faltering’ Balls makes a credibility crisis for Labour

“Whatever the opposite is of star quality, Ed Balls has it in spades,” says Jenni Russell in The Times. “Faltering, red-faced, shouting to be heard above his hecklers”, he “made a complete hash” of his response to the chancellor’s Autumn Statement.

The irony is that his analysis is right. Britain would have been “better served by a Keynesian burst of investment”. Growth is weaker than George Osborne anticipated. But this wasn’t the time to repeat the same old arguments.

Faced with an economy that is improving, he needed to adjust his approach and persuade voters that Labour can be [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Walking out on the banks

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 3 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

The problem with the Bank of England

Fracking: Nine reasons not to get carried away

Five small-cap stocks worth a flutter

This Dutch company could help us tame floods

ScreenHunter_01 Mar. 25 09.51

Get the latest tips and investment opportunities from MoneyWeek magazine: Claim 3 FREE Issues HERE