Labour still won’t admit that it got us into this mess

Telegraph
"The shadow chancellor has refused categorically to apologise for Labour’s fiscal indiscipline. He has admitted that not every pound was spent judiciously and – a separate point – expressed regret for the last government’s inadequate regulation of the financial sector. But (in the Prime Minister’s eyes) Balls personifies Labour’s collective refusal to accept that they spent too much, borrowed too much and left the Coalition with a structural deficit that will take at least two parliaments to wipe out."