June 3 - UK Shadow Chancellor Ed Balls promises “iron discipline” if Labour wins power, but says it would be “irresponsible” to outline the details now.
We can't write off first budget today to use it when we don't know the state of the public finances -- economy will inherit. Instead we -- -- out -- general election -- -- that's -- tough fiscal rules for the next labor government will have to stick to. To get all countries -- budget but the pilots the national debt but it downward path. So today I'm happy to support my parents. Michael thinks. I'm gonna disappoint the conservatives. We will not sell plots -- 201516. This year however much you want us to in order to divert. Political attention from your -- object economic failure. We all know what the chancellor is focusing now on spending cuts of 1516. But he doesn't know becoming -- sense -- he'll face in two years' time. Once again. He's trying to turn economic failure into some kind of shall template advantage. I know what you be surprised if the charts but who claimed three years ago. To stick with plan or the UK would be downgraded by the credit rating agencies and then when he lost the UK's AAA credit rating said that meant. He now have no choice but to stick with plan. It's the same Johnson but he still tries to claim that global financial and banking crisis began in America and echoed round the world. Was somehow pools spotlight or might words by. Levels of public spending here in Britain went out shot attempts of that before the crash he had pledged to match late this spending plan. And considering you let's -- get. Does she sent out deep cuts to policing defense local government social -- it's a big support that you know disabled people. Cool after the general election but challenge light but to make a decision now to reject his plan two years ahead. We're not gonna play that game when we don't know of economics to circumstances two years ahead the colored two years ahead. But it also means. I'm going to disappoint my labor colleagues to focus for the same reason. Because we don't know the circumstances ten months ahead a select few years that it. We can't plan that hope on the basis on inheritance -- 2050. We backed that that covered full cost we can't decide now to spend money that we don't neither do not expect will be that. Even if the public what to implement late with -- now given the fight of the last three years he would not avoid the need for cuts in the public and spending. The next -- You take years to sort out George also wants fiscal mess.