“No glad confident morning again”

Following my rather cheeky post, Balls has created a huge headache for his best mate.

Brown:

we're best place to withstand the recession

no boom and bust

Balls:

The economy is going to define our politics in Britain in the next year, the next five years, the next 10 and even the next 15 years. These are seismic events that are going to change the political landscape.

I think that this is a financial crisis more extreme and more serious than that of the 1930s and we all remember how the politics of that era were shaped by the economy.

We now are seeing the realities of globalisation, though at a speed, pace and ferocity which none of us have seen before. The reality is that this is becoming the most serious global recession for, I'm sure, over 100 years as it will turn out.

Obvious Brown did mean what he said last week at PMQ’s when he used the word “depression”

Novice Ed has created a huge PR disaster for Moses, and an unwelcome detraction on the day when he wants the banks to cop the spotlight.

With the unemployment figures out on Wednesday, as well as the Bank of England’s quarterly inflation report, just imagine what Cameron will do with all this at PMQ’s.  He has got to demolish Brown’s credibility once and for all.