Today at the Press Gallery lunch, Nick Clegg attacked Ed Balls’ suggestion from this morning that the government should introduce a temporary VAT cut, calling it “a whopping great big multibillion-pound unfunded tax cut.”
Thank goodness this video isn’t still doing the rounds, eh?
Why does Nick Clegg now favour the bombshell so much that he doesn;t want to see it reversed, even temporarily?
Mark Ferguson
Mark Ferguson is the Labour MP for Gateshead Central and Whickham, and was the editor of LabourList from 2010 to 2015.
More from LabourList
Letters to the Editor – week ending 18 January 2026
‘Scotland 2026: Labour must frame the choice as between change and another decade of the SNP’
‘We need some light in the darkness’ Labour’s Leadership – a grassroots view