Labour Party Conference 2011: Ed Balls speech

Labour Party Conference 2011: Ed Balls speech; ENGLAND: Merseyside: Liverpool: INT Ed Balls MP (Shadow Chancellor of the Exchequer) interview SOT - The economy has flatlined, unemployment is rising, any boost now will improve things / I've not done an economic detailed forecast, that's for the OBR / we know we need a stimulus for growth / George Osborne said a year ago his plan would be 40 billion pounds of more cuts / it would be good for growth and jobs and get things moving / what you learn with infrastructure is it takes time to do that / I've not done four years of a shadow budget, I've not provided an alternative economic forecast, I've said five things the government can do, including the bank bonus tax which would pay for itself, which would have a material impact on growth, jobs and get our deficit down / [on admitting mistakes and the structural deficit] our policy, very similar to George Osborne's policy, was always to balance the current budget excluding investment, but to borrow sensibly for investment / our national debt came down, it was lower than we inherited from the Conservatives, lower than America, France, Germany and Japan, I'm not going to say we got every project right / you can have modest borrowing for investment consistent with keeping your debt stable or even falling, that's what we achieved / I don't think it's the case we spent more money than we had available through that period / on transformations in the NHS and decrease in waiting time to get a hip replacement under Labour / [on whether he opposes the public sector strikes] we should avoid this strike if we possibly can, takes two sides to get round the table, should be proper negotiations, and a fair deal, I think George Osborne wants a strike, what they're doing on pension contributions is unfair, the government has got to move / I think Unison were right not to strike in June, to say let's talk / I'm on the side of 55 year old women who feel contributions going up, being ma...
Labour Party Conference 2011: Ed Balls speech; ENGLAND: Merseyside: Liverpool: INT Ed Balls MP (Shadow Chancellor of the Exchequer) interview SOT - The economy has flatlined, unemployment is rising, any boost now will improve things / I've not done an economic detailed forecast, that's for the OBR / we know we need a stimulus for growth / George Osborne said a year ago his plan would be 40 billion pounds of more cuts / it would be good for growth and jobs and get things moving / what you learn with infrastructure is it takes time to do that / I've not done four years of a shadow budget, I've not provided an alternative economic forecast, I've said five things the government can do, including the bank bonus tax which would pay for itself, which would have a material impact on growth, jobs and get our deficit down / [on admitting mistakes and the structural deficit] our policy, very similar to George Osborne's policy, was always to balance the current budget excluding investment, but to borrow sensibly for investment / our national debt came down, it was lower than we inherited from the Conservatives, lower than America, France, Germany and Japan, I'm not going to say we got every project right / you can have modest borrowing for investment consistent with keeping your debt stable or even falling, that's what we achieved / I don't think it's the case we spent more money than we had available through that period / on transformations in the NHS and decrease in waiting time to get a hip replacement under Labour / [on whether he opposes the public sector strikes] we should avoid this strike if we possibly can, takes two sides to get round the table, should be proper negotiations, and a fair deal, I think George Osborne wants a strike, what they're doing on pension contributions is unfair, the government has got to move / I think Unison were right not to strike in June, to say let's talk / I'm on the side of 55 year old women who feel contributions going up, being ma...
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838923720
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ITN
Date created:
September 26, 2011
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00:04:09:19
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576 25i
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t26091102_0.mov