Ed Balls Addresses the Labour Party Conference

The transcript discusses Labour's economic challenges and the need to adjust its policies. Ed Balls highlights the importance of a credible plan for growth and jobs while admitting past mistakes in public spending and regulation. He defends public spending's role in the financial crisis and outlines Labour's strategy to regain public trust, emphasizing humility and learning from past errors.

What challenge does the Labour Party face according to Ed Balls?

• Maintaining its reputation for public spending

• Demonstrating fiscal responsibility

• Increasing public sector employment

• Reducing taxes for large corporations

What mistake did Ed Balls admit Labour made while in government?

• Over-regulating the banking sector

• Spending too little on public services

• Causing the global financial crisis

• Not regulating banks strictly enough

What does Ed Balls suggest as a measure to support small firms?

• Increasing interest rates

• Increasing corporate taxes

• Reducing public sector wages

• Providing short-term tax breaks

What is Ed Balls' stance on reversing spending cuts if Labour comes to power?

• He cannot guarantee reversing cuts

• He will maintain the current cuts

• He guarantees to reverse all cuts

• He plans to increase spending cuts

How might the Labour movement influence economic policy according to the transcript?

• Via unions and public sector strikes

• Through increased public spending

• By collaborating with international banks

• By reducing taxes for the wealthy