Ed Balls, the shadow chancellor, warned the "world is making the 1930s mistake" after Moody's move to put Britain on “negative” watch amid fears of contagion from the eurozone debt crisis.
"Even though it is clear in Greece, in Ireland, in other countries, in Britain too (that) this austerity isn't working, the message is 'Plough on, dig a deeper hole, carry on with an austerity that is failing'," he told the BBC Radio 4 Today programme.
"I fear what's happening here is that the world is making the 1930s mistake and the ratings agencies are partly responsible for this," he ...
... in the City
The shadow chancellor has one priority – to give Labour a chance of winning the election.
Things can only get better. The battle hymn of Tony Blair, as borrowed from D:Ream, may be as relevant for Broke Britannia as it was for Cool Britannia. Like Noah, George Osborne hopes for a sign that the economic floodwaters are abating. In this version of Genesis, Tesco gets to play the dove, yesterday offering 20,000 jobs by way of an olive branch.
When Norman Lamont talked of green shoots in 1991, he was reviled for his optimism. Shriti Vadera, a front-bencher in Gordon ...
... proud to turn down help from a top City firm
Fat-Cat-bashing Labour bigwigs are not too proud to refuse donations from a top City firm. Shadow Chancellor Ed Balls gets nearly £60,000 of help from accountants PricewaterhouseCoopers in the shape of a research assistant for his Commons’ office. And last year Business spokesman Chuka Umunna got a £30,000 aide from PwC. Up with the workers!
Dapper Energy Minister Greg Barker is so attached to his 11-week-old dachshund Otto that he brings it to the Commons in a designer bag – in defiance of Parliament’s ban on ...