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He also mentioned that Miliband had not made the commitment during question time because he believed it was “not the right time”.Balls pointed out that a similar Tory pledge in 1992 was broken a year later. And in 2010 George Osborne raised VAT from 17.5 per to 20 per cent after Cameron stated there were “absolutely no plans” to do so. “They are in a post-budget panic,” Balls said. “They are spooked and making up policy on the hoof. Nobody will believe a panicked prime minister making things up on the hoof but actually unable to answer the questions about what his cuts will really mean.” This was echoed by Miliband: “Let me say to him nobody is going to believe him. Nobody is going to believe it because of his extreme spending plans, because his numbers don’t add up and because he promised it last time and he broke his promise.” Osborne suggested that Labour’s economic policy “is in crisis”. “They oppose all spending cuts, say they’ll balance the books and now expect people to believe they won’t put up taxes including the jobs tax,” he said. “It simply doesn’t add up. Ed Miliband and Ed Balls really are making it up as they go along. If you were in government and you behaved like this, it would plunge the economy into chaos – and families would pay the price in lost jobs, rising debts and falling living standards.” By Shané Schutte Image source
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