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5 December 2013updated 26 Sep 2015 10:16am

Osborne thinks budget discipline is Labour’s biggest weakness. He’s not wrong

Both Miliband and Balls know they need to do more if people are going to be persuaded to put them in charge of public money.

By Rafael Behr

There isn’t much doubt which side enjoyed the Autumn Statement more in the Commons chamber. Tory MPs wore gleeful looks that showed they thought the Chancellor had planted his ball firmly in the back of Ed Balls’s net. They cheered with terrace gusto. Labour MPs looked solemn and attentive. Perhaps their expressions were meant to project scorn and disbelief at what George Osborne was saying. They could also be interpreted as masks of defeat.

The mood imbalance was, to an extent, inevitable. The focus of the Autumn Statement was things the Chancellor wants to talk about and things Labour says are missing the point. Osborne boasts that the economy is growing lustily. Labour asserts that people aren’t feeling it in the marginals. Osborne declares that his plan for fiscal prudence has delivered the stability from which future prosperity will flourish. Balls says Osborne’s plan has left voters feeling out of pocket.

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