There was another, wearily obvious, title for this thread, but I have managed to resist it.
It was tricky.
Apart from expounding on the sudden amazing imploding of labour, there are just two words needed.
Oh, I’ll add a few more. He’s not really very clever is he?
‘Guido’ also covers this, but also has a much more amusing story about Northern Rock shareholders offering to bail out the Labour Party. Actually the joke may be on us as it appears that all those mortgage assets are not quite as gold plated as we were led to believe. Perhaps this is the only subject Ed Balls would not want to dwell on.