Ed Balls’ spending review response: full text
From our UK edition
listen to ‘Spending review 2013: the Coffee House analysis’ on Audioboo The Chancellor spoke for over 50 minutes - but not once did he mention the real reason for this Spending Review today: his comprehensive failure on living standards, growth and on the deficit too. Prices rising faster than wages. Families worse off. Long-term unemployment up. Welfare spending soaring. The economy flatlining. The slowest recovery for over 100 years. And the result of this failure? For all the Budget boasts, borrowing last year not down but up. Not balancing the books as he promised, but in 2015 a deficit of £96 billion. More borrowing to pay for his economic failure.