The truth about Labour and overspending

Ed Miliband’s worst moment in the Question Time debate came when he refused to accept that Labour had spent too much before the crash. The audience reacted with fury: how could he be trusted if he has yet to work out what he did wrong? This is toxic for him because his denial is completely genuine: he has convinced himself that the debt crisis is unconnected to what he got up to when serving in HM Treasury.