What to do with the defeated?
One of the challenges facing the next Labour leader will be what to do with Ed Balls. Balls, as he demonstrated in the last few months, has the right mentality for opposition. Labour will need his appetite for the fight in the coming year. But if a new leader makes Balls’ shadow Chancellor, he’ll have a shadow Chancellor whose position on the deficit is simply not going to seem credible to the public; Balls has already said that he thinks the plan Labour went into the election with for the deficit was too ambitious. The Tories are convinced that if Balls is shadow Chancellor, they’ll have the dividing lines they