ME AND MY SHADOW CHANCELLOR.

George Osborne soon had the backward 'All Ed' (Balls) pointing out the error of his ways, following the downturn in the economy over the final quarter of 2010. This is exceedingly rich from one of the architects who created this economic mess. Balls, in his best pseudo-estuary lingo,(amusing, coming from a Marxist father who had his son educated privately at the Nottingham Boys' High School), said Osborne should look to a plan to help the economy. Balls is convinced that we should not stop spending on public projects; we might wonder who will loan us the money to continue in such an irresponsible manner. To pursue Balls' approach would soon have our credit rating decimated, automatically increasing the repayments against the enormous debt left by the Labour Government.

It is unfortunate that the recent weather obviously had some effect on the economy, as much of the country came to a halt. The problem, as the author sees it, could more likely be the uncertainty in the currency markets. Particularly in the Eurozone, where many of our client nations are suffering disastrous financial concerns, already weighed down by problematic credit ratings.

In addition to his face-pulling antics, Balls then plays to the gallery about persecuting high earners with even more tax, plus suggesting a 'mansion tax' which is high on his agenda. He thinks this is a way to reduce our debt but, unfortunately, what it does particularly well is to scare off the high earners.

Balls also talks of slowing down the deficit reduction. Let's make something quite clear here: The deficit is the annual borrowing, around £150 billion per year, this is compounding our National Debt, which stands at £4.8 trillion and rising.


DO WE REALLY WANT A MARXIST STATE?