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12 June 2014updated 09 Jun 2021 9:33am

Only Labour can offer the long-term economic plan Britain needs

We will only sustain support for an open and dynamic market economy if we show that it can work for all, and not just some.

By Ed Balls

Indiscreet comments from warring cabinet ministers have dominated our political debate for the last week. But buried under the unseemly row between Michael Gove and Theresa May was another cabinet-level disclosure which was just as significant.

The previous Conservative chancellor Ken Clarke’s public admission that most people have “not yet felt any sense of recovery” blew apart the complacent claims of the current Chancellor that the economy is fixed and there’s no cost-of-living crisis. As the election results last month showed, Ken was right. Growing numbers of people do not think the economy or mainstream politics is working for them right now. In the face of stagnating living standards and growing insecurity, they want real but credible change, not more of the same.

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