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If they don't, they won't listen to the five-point plan.8.16am: The interview is still going on.Balls says borrowing is going to be ￡45bn higher than George Osborne planned because the economy is not growing.He says if the Treasury makes a profit from the sale of bank shares, that should be used to pay off the national debt.Q: What are your five points?Balls says it will involved cutting VAT and using a bank bonus tax to create jobs for young people. (These are established Labour proposals.) He says he does not want to reveal the rest of his speech now.Q: Won't the markets take a dim view of any Labour plan to slow the deficit reduction programme?Balls says Italy's credit rating was downgraded because its economy was not growing.
"And in the Times (paywall) Alan Milburn,
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In response, Ed Miliband said the G8 summit showed that the the West was "divided between those who believe we must have a decisive shift towards growth and those who believe the answer lies in more of the same". And he said Cameron was on the wrong side of the argument.For two years you have been the high priest of austerity, you have been telling the world that austerity alone is the answer. But now the recognition has dawned that it isn't working and you find yourself on the wrong side of the argument.? Cameron has indicated that he will resist calls from the European court of human rights to allow prisoners in the UK to vote. Speaking at PMQs,
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? Cameron has suggested that Labour is to blame for the fact that John Hourican,
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