Guardian: Reports on the apology tour by the Labour’s Shadow Chancellor Ed Balls, but the articles notes the following, “ Yet there was one admission Labour will not make – that public spending was excessive ahead of the crash. ”. Thus the Labour Party under Ed Miliband does not get it, even the UK Treasury under Gordon Brown warned that the Labour Government had spent to much for very little in the public sector, and it also warned in a spending review that spending should only be in line of inflation. The then Chancellor Gordon Brown and his close aides, Ed Miliband and Ed Balls still supported spending billions that the UK didn’t have, thus the structural deficit that the UK Coalition Government has to deal with, Labour will only be taken seriously if it admits that the Blair and Brown years failed to spend wisely and didn’t keep money in the bank for a rainy day. As someone once noted to this blog, Labour always comes in with great hope but they always wreck the economy at the end of the day.
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