Red Ed’s failed socialist policies offer nothing to Britain

HOW can anyone take Ed Balls and Labour seriously on the economy?

They have condemned Conservative policies to reduce public spending and reduce the deficit created by Labour and Messrs Brown, Balls and Miliband. They said the policy would fail, there would be increased unemployment and no growth.

They attack the tax reduction for high earners from 50 per cent to 45 per cent but forget to say that they only increased the top rate to 50 per cent weeks before the last election whereas the top rate for most of their term of office was 40 per cent.

What has actually happened? The deficit is falling. More than a million jobs have been created with unemployment continuing to fall. Growth has been stronger than anyone anticipated. On the other hand, in France, where policies supported by Messrs Miliband and Balls have been implemented, there is economic chaos and a proposed reversal of policy. If the Liberal Democrats were not in government, matters would be even better as they have blocked more spending savings and more controls on immigration. They have also blocked fairer constituency boundaries for the next election giving Labour a huge and unfair advantage.

It is vital that we do not throw away the economic progress achieved which means ensuring that a Conservative government is returned in 2015.

From: Hilary Andrews, Nursey Lane, Leeds.

ED Balls just doesn’t get economics, does he? If he did, surely he wouldn’t try the same ploy as Alistair Darling of suggesting a 50p in the £1 tax rate rise for the highest earners in the run up to the next election (Yorkshire Post, January 27).

This is only an attempt to get voters to bash the rich. The people who earn these large salaries, for the most part, have worked hard to get them and they are already taxed at 45p in the £1. Do we want to drive them out of this country altogether? Get wise, Mr Balls or give your job to a more savvy economist.

From: Dick Lindley, Altofts, Normanton, West Yorkshire.

SO, Ed Miliband and his sidekick Ed Balls have finally decided that come the next Labour government they are preparing to kill the goose that lays the golden egg by introducing a punitive 50 per cent tax on our entrepreneurs and wealth creators.

Just as we are climbing out of the fiscal nightmare left by the previous bunch of failed socialist economists, they are gleefully preparing to plunge the UK back into a Siberian winter of Marxist fiscal follies, which will destroy our jobs, our industries and prevent inward investment into the UK.

Obviously what we all thought was the light at the end of the tunnel on the road to economic recovery is in fact Ed’s red express hurtling down the tracks to shatter our economy once more.

Will Red Ed and the comrades ever learn some good old fashioned economic commonsense? Or will they, like all previous socialist governments, destroy the UK’s economic growth and fiscal success by pursuing vindictive, insane and outdated economic policies.

From: Bob Watson, Springfield Road, Baildon, West Yorkshire.

LIKE many others, I am fed up of having to listen to the continued pontificating of the odious Shadow Chancellor Ed Balls, and his know-it-all attitude despite being one of the architects of the financial crisis.

However, a thought then struck me. Perhaps his ever-present use of the word “flatlining” has been misheard – maybe it should have been “fatlining”. Unless that’s being too personal, of course?!

From; Malcolm Nicholson, Barwick-in-Elmet, Leeds.

WHAT great news that the Government’s strategy appears to be working and that the country is speeding out of recession.

However, it is no surprise whatsoever that Ed Balls is still in denial about the recovery of the economy.

I have therefore come to the conclusion that Balls is using the mathematical theory of probability in the hope that 
at some time in the distant 
future he will be proved 
right on his economic 
forecasting.

His hope is that the analysis 
of random phenomena will 
justify his stoical stance on the rejection of anything approaching the truth on the economy.

I, for one, will not be holding my breath.

From: Peter Hyde, Driffield.

WE are told that the Government has borrowed trillions to keep our country afloat.

Will someone tell me who we owe those trillions to? Will someone also tell me why, if we are trillions in debt, we keep giving money away?