A Bold Step?

Labour's Number Two Ed - Ed Balls - gets mercilessly mauled in the latest edition of Private Eye quite rightly, in my view - for his 'head in the sand' approach to the UK's mammoth debt problem over the past few years.

But now Ed has seen the light, so we are encouraged to believe, yet as the Private Eye and others have pointed out - there's a long, long way to go before the country gets back on its feet.

Now if Labour would stop treating the voters as 'useful idiots', I would start thinking about supporting for the party again - although at the moment, I have to say, we are rather a long way from that too.   

Ed Balls unveils his grand strategy to solve Britain's debt problem

By Our Political Staff

Peter O'Bore

Labour's Shadow Chancellor, Ed Balls, stunned the political world yesterday by revealing his radical blueprint for slashing Britain's £1.3 trillion national debt.

Previously, Mr Balls had faced savage criticism for failing to acknowledge that the £1.2 trillion debt was in any way a problem, and that the answer to the huge rise in Government borrrowing was to borrow enough money to pay it back.

But now, in a dramatic u-turn, Mr Balls has recognised that something dramatic needs to be done to get our public finances back on an even keel.

He has, therefore, come up with a revolutionary 3-point plan that has left both politicians and economists gasping at the scale and audacity of his financial vision.

That Ed Balls 3-Point Plan In full

1. Abolish winter fuel allowance for top-rate taxpaying pensioners, thus saving £100 million a year. This will leave only £1,199, 900,000,000 left to find.

2. Er...

3. That's it.