Ed Balls on Fuel Duty and VAT

Shadow Chancellor Ed Balls has commented on what the Government can do to help families cope with financial pressures they are facing.

Revolutions in Egypt and Libya have driven up oil prices but there are four things George Osborne can do now.

While he gave banks a tax cut compared to last year, they are now going to pay £800million more than this Government was planning. He should use the extra money to reverse the VAT rise on petrol.

Secondly, he should look at April’s annual fuel duty rise. Labour often postponed planned duty rises when world oil prices were rising.

Thirdly, he must work with finance ministers globally to keep the oil supply flowing and get prices down.

Finally, he must get our economy moving and get more people in work and paying taxes.

Rt Hon Ed Balls MP

Ed Balls is Labour’s new Shadow Chancellor

Ed Balls being interviewed by Michael Crick fo...
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The Lib Dems have instantly attacked the appointment of Ed Balls as Labour’s new Shadow Chancellor (LINK). Come on guys… ¬†show a bit of courtesy and at least congratulate or welcome the appointment. The Lib Dems know no meaning of the word respect. They are quaking in their boots at the prospect of Ed Balls having such a high profile role.

After all, these links show how effective Ed Balls is at providing scrutiny to the Coalition Government.

LINK – Ed Balls highlights hypocrisy from Sarah Teather

LINK- Ed Balls uncovers Sarah Teather’s lies on Building Schools for the Future

I’ve met Ed quite a few times and voted for him as my first preference for the Labour Leadership elections in 2010. I think he will do a splendid job at holding the economic measures from this Coalition Government to account.

I’d like to wish Alan Johnson all the best in dealing with the personal problems that led to his resignation.