Is This An Epiphany For Labour?

[ToraToraTora]

http://www.bbc.co.uk/news/business-35780703
""We must be a party that thinks first about how we earn money, not only how we spend money." - well rub me down with the morning star!

[DTCwordfan]

This proves that Ed Balls hasn't a cat-in-hell's-chance of becoming the LP leader - and, hence, a future Prime Minister.

Thank God - there may be even one - Naomi, are you looking in?

[agchristie]

Why didn't they just leave out the word 'fiscal'? ;)

[Gromit]

Not at all.

Labour knows that Osborne has been setting deficit budgets for 6 years. He doubled our national debt from taking office to the last election.

Osborne has said he wNts to make it illegal to budget for a deficit, but he has never made a surplus, and most people in the know say he never will.

So it is not an Epiphany. It is just Labour targetting a conservative weakness.

[dave50]

I would have thought that all you Labour voters out there would be delighted that George Osborne is having to spend more money than he wanted. After all that is what you want isnt it, more spending and no cuts?

[Gromit]

Dave50,
Osborne is correct that Governments should not set surplus budgets. But in his 6 years as chancellor he has never achieved it, whereas Brown managed it 4 years on the trot.

Cuts to services saves very little money. The Conservatives are not cutting services to save money, they are cutting services because they ideologically don't believe they should be providing them at all. To them, public services are things that a private company could be providing (for those who can afford it of course).