Shadow chancellor’s strategy of investing billions in infrastructure projects goes all the way back to John Maynard KeynesA pivotal moment during the 2015 general election campaign came when Ed Miliband was asked by a member of the public on Question Time whether Labour had overspent when it was in power. To howls of derision,Miliband said: “No, I don’t.”The exchange went to the heart of Labour’s problem: a large number of voters thought the recession of 2008-09 was due to the Gordon Brown government spending and borrowing too much. The polls showed that George Osborne was better trusted than Ed Balls to manage the nation’s finances.
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Source: theguardian.com