Channel Four factcheck - how Labour was wrong on the economy

Balls misses the ball ...


Channel Four's "Fact check" has just published a piece which draws out how many of the statement made by the Labour leadership in general and Ed Balls in particular have been completely wrong, which you can read at

http://blogs.channel4.com/factcheck/factcheck-labour-wrong-economy/20443


As they point out, Balls was wrong with his predictions that the coalition's policies would fail to produce growth, when in fact, quote

"Britain’s economy grew faster than any of the other G7 countries in 2014, according to the IMF."

He was wrong to predict that the coalition's policies would not help businesses to provide more jobs when in fact, quote

"there were more than 1.8 million more people in employment in the last quarter of 2014 than in the first quarter of 2010.

Some 73.2 per cent of the economically active population are in work now compared to 70.2 per cent at the time of the last election.

There is no doubt that this has happened because growth in private sector employment has more than made up for job losses in the public sector.

Since quarter 1 2010, employment in the public sector has fallen by more than 400,000 – but private sector employment has increased by around 2.1 million."

Labour does not understand the economy, and handing them back control of it while we have not recovered from what happened on their watch last time would be a fatal mistake.

Comments

Jim said…
its by the by. Yes i totally agree that labour does not understand the economy. To risk putting them "in charge" is fatal, but then the same can be said for the current administration. The only people who can ever be put "in charge" are the people who will end up paying the bill. If i need a loan I will tell you i do, i sure as hell dont need you to tell me I need one, spend it for me, then order me to repay it.
12:51 pm
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