Martin Vander Weyer Martin Vander Weyer

Ed Balls’s secret: he doesn’t care whether his tax plan makes sense

Plus: What's next for RBS, and Karl Slym's brilliant career

issue 01 February 2014

There were a million people who voted Labour in the 2005 general election but not in 2010, when the party fell from a 66 majority to 48 seats behind the Tories. Thanks to the Lib Dems’ spiteful rejection of boundary changes that would have helped their coalition partners, the 2015 poll is already rigged in Labour’s favour by about 30 seats, so the number of floaters who have to be won over to give Miliband and Balls a working majority is likely to be well down in six digits rather than seven. No doubt Labour’s pollsters know how many to the nearest thousand, and have them segmented and profiled to the last housing estate.

Not many are likely to be business leaders, wealth creators, tax economists, Today listeners or Spectator readers. But as one of the party’s gurus explained to me gleefully last week, those million-minus are the only people Ed Balls needs to talk to.

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