Responding to Ed Balls’ speech on the economy, Liberal Democrat Party President, Tim Farron said:

“After nearly two years of opposing every saving the Coalition Government has made at least Ed Balls has finally admitted there is a deficit problem.

“However, he still refuses to take any responsibility for Labour’s 13 years in power where they failed to balance the books and get to grips with reckless behaviour in the City, even when he was City Minister.

“Liberal Democrats in the Coalition Government are doing the right thing, taking the difficult decisions to protect Britain from the same fate as some euro zone countries while at the same time pursuing progressive policies such as reducing taxes for the lowest earners, making sure pensioners get a fair deal and providing a fair start for every child through the pupil premium.

“Ed Balls’ admission is better late than never, but he and Labour still owe Britain an apology for 13 years of poor government and 18 months of lies in opposition.”