Christopher Hope — Labour will clear £86bn deficit by 2020, Ed Balls says

Shadow chancellor Ed Balls makes "binding fiscal commitment" if the Labour Party wins next year’s general election

The so-called left out-bidding the right on austerity, like the Third Way New Democrats in the US.

The Telegraph (UK)
Labour will clear £86bn deficit by 2020, Ed Balls says
Christopher Hope, Senior Political Correspondent
(h/t Ralph Musgrave)