Ed Balls
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Articles by Ed Balls
The fork in the road - time for the alternative
Thursday 16 June 2011 | 1 hour 24 minutes 50 seconds Ed Balls is the Labour & Co-operative MP for Morley and Outwood and Shadow Chancellor. He was previously MP for Normanton (2005-2010) and Labour's Shadow Home Secretary (2010-11), Secretary of State for Children, Schools and Families (2007-2010) and Economic Secretary to the Treasury (2006-2007).
Running Hot
We have a guest post today from Ed Balls and Dan Turner. Ed won’t need much introduction to our UK readers - he was a senior adviser to Chancellor Gordon Brown before becoming an MP, cabinet minister and then Shadow Chancellor. He is now a Professor of Political Economy at King’s College London and a Senior Fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. He also presents ITV’s Good Morning Britain.
Shiki, Norwich: ‘Unexpectedly reasonable’ - restaurant review
Shiki, 6 Tombland, Norwich NR3 1HE (01603 619262). Sushi and sashimi from £2 per piece, small dishes from £3, larger dishes from £10, beer from £3.50, sake from £6.50 We only get to truly value excellence by experiencing what it is to fall short. In politics. In sport. But also in food. How many times my heart has sunk as I’ve opened a miserable portion of fast-food sushi, limp and flimsy to the touch, dull in colour, the fish supposedly raw and yet partially cooked in its plastic enclosure.
Tackling the UK's regional economic inequality: Binding constraints and avenues for policy intervention
This paper analyzes binding constraints to productivity growth in the United Kingdom’s regions outside London and the greater South East. These analyses challenge a number of common arguments about the UK’s regional economic inequality problem.
Apprentice Finalist Phil Turner’s Pies Are Award-winning – Here’s Where You Can Buy Them - The Independent | Everand
After another gruelling 12 weeks of mad-dash BBC Apprentice action, Lord Sugar has crowned his business partner, investing a huge £250,000 to supercharge (spoiler alert) Rachel Woolford’s fitness business. While Sussex-based pie man Phil Turner, who has to be one of the show’s biggest losers, having been on the task, it was maybe one remark that scuppered his chances of success.
First-ever house party shop opens in East London
A corner shop dedicated solely to providing house party pieces has opened up in London’s Shoreditch amid a surge in popularity for staying at home. A poll of 2,000 adults aged 18 to 45 found 75 per cent have attended or arranged a house party during the last 12 months. And 23 per cent have been to more of them compared to the year prior. The biggest draw is to save money amid the cost-of-living crisis (44 per cent) – with it often cheaper for guests to take shop-bought drinks along with them.
Underrated TV series with 90% on Rotten Tomatoes dubbed the ‘best show you’ve never seen’
Gripping action series are ten a penny these days, and good ones can often slip through the cracks. That’s exactly what’s happened with Banshee, an overlooked gem of a TV series. This gritty crime drama features New Zealand actor Anthony Starr, best known for playing the corrupt superhero Homelander in The Boys. In Banshee, Starr also plays a character whose morals aren’t too dissimilar to Homelander.
'You've Not Answered A Single Question': New Tory Chairman Roasted By Ed Balls
New Tory chairman Richard Holden was roasted by Ed Balls at the start of his first full day in the job. The former Labour bruiser accused him of failing to answer a succession of questions about Rishi Sunak’s reshuffle. Holden was promoted from minister for buses to be put in charge of running Conservative Campaign Headquarters (CCHQ) as part of the shake-up, which also saw Suella Braverman sacked and the shock return of David Cameron.
‘You’ve Not Answered A Single Question’: New Tory Chairman Roasted By Ed Balls
New Tory chairman Richard Holden was roasted by Ed Balls at the start of his first full day in the job. The former Labour bruiser accused him of failing to answer a succession of questions about Rishi Sunak’s reshuffle. Holden was promoted from minister for buses to be put in charge of running Conservative Campaign Headquarters (CCHQ) as part of the shake-up, which also saw Suella Braverman sacked and the shock return of David Cameron.
Banana loaf with cream cheese icing recipe
Preheat the oven to 170C/150C Fan/Gas 3. Grease a 900g/2lb loaf tin and line with baking paper. Whisk together the oil, brown sugar, vanilla extract and eggs in a large bowl. In a separate bowl, mash the bananas with a fork until smooth, then stir in the yoghurt. Sift in the bicarbonate of soda, baking powder, cinnamon and salt and stir to mix. Add the egg mixture to the banana and stir together, then fold in the flour and raisins until well combined.
Pilot keeps his cool after enormous bird smashes through windscreen covering him in blood
The bird reportedly died minutes after the crash A pilot managed to keep his cool after a bird smashed through the windscreen of his cockpit in Ecuador, leaving him covered in blood. Video footage of Ariel Valiente has gone viral in which the remains of the bird can be seen, with its talons dangling above Valiente, who was left with a bloodied face and and uniform. He remained calm however and managed to direct the plane, with all of the further exercises completed successfully.
After 50 years: where next for VAT?
What is the appropriate act to mark the fiftieth anniversary of Value Added Tax in the UK? Are we celebrating? Surely not. Are we mourning? If only. But we should at least pause and reflect on the central role that VAT has played in our recent economic history. The third largest source of tax revenue, forecast to deliver over £160 billion to the Exchequer this year, VAT has always been a cash-cow, but never without complaint.
Traybake beany quesadillas recipe
You can mix kidney beans in chilli sauce with a can of mixed beans if that is easier – and cheaper – for you. The sauce is the important bit as it adds flavour and keeps the beans moist. If you don’t have frozen sweetcorn, use a drained can of sweetcorn instead. Soured cream and guacamole go well, so use them here if you have some. Using tinned beans helps keep the costs down, but you could also fill with leftover beef chilli – or even tinned chilli con carne if you like – for a meaty version.
Writing - The Times - If the market won't buy your budget - Ed Balls
The Times, 3 October 2022 If the market won’t buy your budget, it’s not the market’s fault Traders listened in disbelief as 25 years of consensus were torn up in 25 minutes By Ed Balls After their disastrous start in Downing Street, Liz Truss and Kwasi Kwarteng need one hell of a turnaround to avoid a place in historical infamy. The Prime Minister and Chancellor can begin by accepting that more illustrious figures than them have got things wrong when it comes to running the economy.
People are tearing into the current biggest Netflix movie in the world for one really big reason
Some have branded the flick' military propaganda' Netflix users have taken issue with the platform's latest original movie after its protagonist seemingly abandons her beliefs for a right-wing military man. Purple Hearts has amassed nearly 102.6 million viewing hours since it was released worldwide on August 1. The film, directed by Elizabeth Allen Rosenbaum, follows Cassie (Sophia Carson) as she grapples with financial issues in America.
Black Mirror is finally coming back and Breaking Bad's Aaron Paul set to be among the star-studded cast
Some of the cast for the new season has been revealed Aaron Paul is set to be part of the cast for the upcoming sixth season of Black Mirror, according to reports. The hit Netflix anthology series is preparing to return after more than three years away and it seems like the cast has already been lined up, with Breaking Bad star Paul set to feature.
Dave Chappelle gets Emmy nod for ‘The Closer’ despite outrage over anti-Trans jokes
The special has received two nominations in total Dave Chappelle's controversial standup special, The Closer, has bagged two nominations for the 2022 Emmys. Despite prompting anger upon its release for anti-trans jokes the comedian makes in the show, it has been nominated for best pre-recorded variety special, and for Stan Lathan in the variety special directing category. In the variety special category, it is up against Adele’s One Night Only, Warner Bros.
US senator posts TikTok of her twerking in a headstand as someone shouts 'that ass, that ass'
Imagine seeing any of them lot in Westminster doing this? A US senator is being blasted online after posting a video of herself on a beach and twerking whilst doing a headstand on her professional TikTok account. Democrat Tiara Mack, who serves as the representative for the state of Rhode Island in the US Senate, shared the video on July 4, Independence Day, and although most of the country was busy celebrating in their own way, many have taken umbrage with how she chose to display her patriotism.
ITV dramatically pulls Lorraine off air as Boris Johnson set to resign ‘imminently’
Earlier in the show, a psychic pig had predicted that Johnson would leave Morning show host Lorraine Kelly was taken off air mid-interview as news of Boris Johnson's resignation as Prime Minister spread. Kelly, 62, had only just begun conducting an interview with JLS star Aston Merrygold when the news broke that Johnson would be resigning as PM imminently - forcing ITV to cut to live coverage of the event.
The Flash fans want Elliot Page to replace Ezra Miller
As Miller continues to be embroiled in controversy, fans pick a replacement Some fans of DC's speediest superhero want Elliot Page to replace Ezra Miller as The Flash in the character's upcoming standalone movie and all future DCEU appearances.
Rockstar reveal change of plans regarding GTA VI and upcoming games
It's full speed ahead on GTA VI but 'stop what you're doing' on everything else Back in November 2021, Rockstar Games released Grand Theft Auto: The Trilogy - The Definitive Edition – consisting of GTA III, GTA: Vice City and GTA: San Andreas – and it did not go down well.
The Ultimate PlayStation Quiz
In what year did the original PlayStation go on sale in Europe? What was the biggest selling game on the PSOne? What was the best-reviewed PS One game of all time? In what year did the PlayStation 2 go on sale in Europe? What was the best-selling game of all time on the PS2? Grand Theft Auto: San Andreas Metal Gear Solid 2: Sons Of Liberty What was the best-reviewed PS2 game of all time? Metal Gear Solid 2: Sons Of Liberty In what year was the PlayStation 3 released in Europe?
Nadine Dorries does it again - congratulates Nadhim Zahawi for wrong job
And the new health secretary... is not Nadhim Zahawi Nadine Dorries was forced to delete a tweet after she congratulated a fellow minister for a job he never got. The Culture Secretary who is never far from a fumble - her last just days ago when she confused rugby league for union - congratulated "my friend" Nadhim Zahawi for becoming the new health secretary after Boris Johnson's cabinet began to crumble Tuesday night.
Instant karma? Senior Tory MP walks into lamppost after squabbling with Steve Bray
The 'Stop Brexit' man was back with a vengeance today after recently having his amplifiers seized by police Lord Moylan had a scrape with a lamppost this morning as he came to blows with 'Stop Brexit' man Steve Bray. The Tory peer defended the government in the wake of a turbulent 24 hours which saw Rishi Sunak and health secretary Sajid Javid both resign their posts, while four parliamentary private secretaries quit their roles and the Conservative Party vice-chairman resigned live on TV.
Review | NetGalley
Review by Chris H, Reviewer Last updated on 9 Feb 2022 My Recommendation Seven years ago, Ed Balls was at the front-line of British politics, seemingly poised to become Chancellor of the Exchequer in an Ed Miliband government. Then Labour lost, he himself lost his seat and he re-invented himself as a TV personality courtesy of his memorable stint on the BBC's Strictly Come Dancing.
Ed Balls’ fantasy dinner — steak teppanyaki with Gordon Brown, Janet Yellen and Chrystia Freeland
I loved working dinners during my time at the British Treasury: lunches at 11 Downing Street welcoming foreign dignitaries; slap-up meals...
OPINION: Westminster Holocaust Memorial will be reminder of past horrors
A new national Holocaust Memorial and Learning Centre in the heart of London was first mooted in 2015 – today, six and a half years later – we are thrilled that Victoria Tower Gardens next to the Houses of Parliament will be the home of the national Holocaust Memorial & Learning Centre. The Memorial will honour the six million Jewish men, women and children who were murdered in the Holocaust, and all other victims of Nazi persecution.
When Budgets go wrong on Apple Podcasts
38 min As Rishi Sunak, Chancellor of the Exchequer, finalizes his speech ahead of next week's Budget, Jack Blanchard looks back at the pitfalls and disasters which have plagued Chancellors in years gone by. 38 min
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The UK is on the horns of a dilemma in US trade talks
The writer, a former UK cabinet minister and chief economic adviser to the Treasury, is a research fellow at the Harvard Kennedy School...
Deaths of Despair and the Future of Capitalism — America’s dying dream
An epidemic is sweeping the US, taking lives on an unprecedented scale and threatening the future of the world’s biggest economy.
Celebrating quality trusted journalism
Run by Local Media Works, the annual Local Newspaper Week and Making a Difference campaigns celebrate the role played by local newspapers in communities across the UK and the value of highly trusted local journalism. This year, LNW celebrates its 20th anniversary.
Central Bank Independence Revisited
Ed Balls, research fellow at Harvard’s Mossavar-Rahmani Center for Business & Government (M-RCBG), and his coauthor, Anna Stansbury, presented the updated M-RCBG working paper, “Central Bank Independence Revisited: After the financial crisis, what should a model central bank look like?” on April 23, 2018, at the Peterson Institute.
None of us is perfect, so let’s be open about our challenges
Recent research suggests that one in six of us experiences a common mental health problem every week in the UK. Digesting figures like this, and seeing examples in recent months of high-profile figures, including royalty, entertainers and sports stars, opening up about mental health issues, we believe there has never been a more important time for us to have the confidence to speak openly about our mental wellbeing.
John O'Farrell Presents his Choice of the Best Election Reads | Waterstones.com Blog | Waterstones
With less than two weeks to go before the election, sifting through the melee of manifestos, interviews, political spiel and spin can leave you feeling none-the-wiser. Luckily, John O’Farrell, the award winning author of the best-selling political memoir Things Can Only Get Better and one of the writers behind Spitting Image and Have I Got News For You, has put together a selection of ideal pre-election reads exclusively for Waterstones to get you to the heart of the real issues at stake.
Books for the General Election | Waterstones
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Twenty years on: Is there still a case for Bank of England independence?
Twenty years on: Is there still a case for Bank of England independence? Until recently, the independence granted to the Bank of England 20 years ago had gone unchallenged. But the financial crisis has raised questions over whether central bank independence is necessary, feasible, and democratic. This column revisits the relationship between inflation and the operational and political independence of the central bank in advanced economies.
The fork in the road
Recorded on 16 June 2011 at Old Theatre, Old Building Ed Balls is the Labour & Co-operative MP for Morley and Outwood and Shadow Chancellor. He was previously MP for Normanton (2005-2010) and Labour's Shadow Home Secretary (2010-11), Secretary of State for Children, Schools and Families (2007-2010) and Economic Secretary to the Treasury (2006-2007).
As global growth slows, leaders must not be distracted
Echoes of the 1930s should be enough to focus minds on the case for co-operation, writes Ed Balls You have viewed your allowance of free...
British Influence and Prosperity Depend on Staying in the EU
In the coming months, Britain will make a momentous decision: whether to stay in the European Union or leave and go it alone. The outcome will have a long and lasting impact, on the jobs and living standards of British citizens, on the fortunes of many global companies, and on the U.K.’s influence across the world. Similar concerns were at play more than a decade ago when the U.K. decided to stay out of the single European currency....
Oat pancakes with raspberries and honey recipe
Oat pancakes with raspberries and honey These gluten-free oat pancakes are perfect sweet or savoury. Here, I’ve made a honey and raspberry syrup. The mixture of the soft, oaty pancakes, the honey and the raspberries has a decidedly Scottish flavour. Method Warm the honey and raspberries in a small saucepan over a medium heat, stirring frequently, until the raspberries have thawed (if using frozen). This shouldn’t take more than 3 minutes or so. Take the pan off the heat.
Lesson I learnt tackling financial crisis that never was
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The risk of fumbling the Europe poll
The Scottish referendum showed negativity can win the battle but not the war, says Ed Balls You have viewed your allowance of free articles.
Report of the Commission on Inclusive Prosperity
Endnotes and citations are available in the PDF and Scribd versions. Report chapters Introduction Analysis Policy U.S. Policy Response U.K. Policy Response Preface History tells us that societies succeed when the fruits of growth are broadly shared. Indeed, no society has ever succeeded without a large, prospering middle class* that embraced the idea of progress. Today, the ability of free-market democracies to deliver widely shared increases in prosperity is in question as never before.
Report of the Commission on Inclusive Prosperity
Nations need to ensure both that economic growth takes place and that it is broadly shared. History tells us that societies succeed when the fruits of growth are broadly shared. Indeed, no society has ever succeeded without a large, prospering middle class* that embraced the idea of progress. Today, the ability of free-market democracies to deliver widely shared increases in prosperity is in question as never before. The primary challenge democracies face is neither military nor philosophical.
Why “people’s QE” is utter nonsense
An idea being proposed by Jeremy Corbyn—and which was reiterated on Radio 4’s Today programme this morning by Ken Livingstone—is that Quantitative Easing (QE) should be used to fund public services. The banks caused the crisis, Ken explained, and have been handed £375bn by the Bank of England’s QE programme. Why can’t the Bank, he asked, instead of showering cash at the hoodlums of the City, give it to the public instead, spending the money on public works, including high speed broadband?
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