The relationship between Hugh Gaitskell and Harold Wilson, respectively leader and
shadow chancellor in the late 50s, was such that Wilson even stood for the leadership against Gaitskell in 1960.
Yet, coalition or not, has Ed Miliband guaranteed that Balls will be
shadow chancellor in 2015?
But he does not mind being seen as the Lennon to Jeremy Corbyn's McCartney, according to an interview and profile of
the shadow chancellor in the FT.
The New Statesman was perhaps the most excitable, describing Reeves as
the shadow chancellor in waiting.
When he became
shadow chancellor in early 2011, he set a benchmark for success as getting ahead of the Tories on the economy.
Became a shadow spokesman on Trade and Industry in 1985, shadow chief secretary in 1987, shadow secretary of state for trade and industry in 1989 and
shadow chancellor in 1992.
One of the most revealing passages of the interview is when George asks whether Ed Miliband has guaranteed Balls will be
shadow chancellor in 2015.
Not exact matches
The two others who will play a part
in determining what happens to him and their party are the deputy leader and
shadow chancellor.
Mr Cameron has previously downplayed the suggestion he is the «heir to Blair», but the
shadow chancellor's keynote speech indicated the Conservatives have become more comfortable
in embracing the centre ground.
«The
shadow chancellor has wrapped up public sector cuts, public sector pay freezes, a rise
in retirement age and reduced pension rights
in warm words that will ring hollow with Britain's army of public sector workers.»
In an article for the New Statesman, the
shadow chancellor accused his former
shadow cabinet colleague of echoing the tactics of the unsuccessful EU Remain campaign.
In London,
shadow chancellor John McDonnell shared a stage with comedian Ben Elton and rockers Wolf Alice, who performed a DJ set.
Speaking
in London, the
shadow chancellor George Osborn pointed to the leftist ethos of the deputy candidates - with Hilary Benn stepping off message to describe himself as a socialist.
The new year saw the
shadow chancellor give an interview to the New Statesman
in which he made clear he wanted to palsy it up with Clegg.
This was enough to worry the
shadow chancellor into responding with a new year interview
in which he extended an olive branch to the Lib Dem leader, saying «I've no reason to doubt his integrity».
Shadow chancellor John McDonnell and
shadow business secretary Rebecca Long Bailey both attended a private event held by the club
in the run - up to the general election, and McDonnell also recently attended a private round table event at the London Stock Exchange.
Warning delegates that Britain is «sinking
in a sea of debt», the
shadow chancellor berated Mr Brown for offering more unfunded commitments
in his leader's speech
in Brighton last week.
When he was appointed
shadow chancellor even some MPs who were sympathetic to Corbyn were horrified, believing the caricature of McDonnell, a ferocious short tempered hard left warrior, such a determined revolutionary that he fell out with Ken Livingstone
in the 1980s
in a dispute on which he was to the insurrectionary left of the GLC leader.
In 2008, then - shadow chancellor George Osborne said his priority in government would be to tackle Britain's «addiction to debt»
In 2008, then -
shadow chancellor George Osborne said his priority
in government would be to tackle Britain's «addiction to debt»
in government would be to tackle Britain's «addiction to debt».
«This shows how foolish and short - termist the
chancellor was to bank this cash
in the autumn statement to make his borrowing figures look less bad,» Rachel Reeves,
shadow chief secretary to the Treasury, said.
«This is actually about what will happen to families and businesses
in the coming months,»
shadow chancellor Ed Balls told the Today programme.
«There's only one person
in this chamber who is drowning and that's the
shadow chancellor.
As
shadow chancellor Ed Balls has warned, the government's failed plan risks leaving a permanent dent
in our nation's prosperity.
In particular,
shadow chancellor John McDonnell is known to be a huge fan of the Salford and Eccles MP.
He says Miliband is trapped by having a
shadow chancellor who was responsible for the mess
in the first place.
Alan Johnson is clearly not as qualified for the
shadow chancellor role as Ed Balls is, but clearly for whatever internecine reasons it was impossible to put Balls
in that position.
The former
shadow chancellor's new book is due to be published by Hutchison
in September, just before this year's Labour party conference gets under way.
On his way to the launch his
shadow chancellor John McDonnell got
in spot of bother when he arrived at the train station having not printed out his ticket.
Labour's
shadow chancellor Alan Johnson suggested before the speech that the implied cut to capital spending of 33 % could be halved by increasing taxation on banks and implementing a hike
in capital gains tax.
There are several senior writers
in the Tory press who think Balls is doing the running on this one and are quietly impressed by the
shadow chancellor.
Anyone who spends any time with Corbyn's
shadow chancellor, John McDonnell, would discern a hunger to wield power
in government as he once did on the much smaller stage of the Greater London Council.
Philip Hammond had been
in the job for more than a year but our focus groups told us that few voters recognised him - and almost half of those polled immediately after the budget said they actually didn't know if he was doing a good job or not (almost 2/3 didn't know whether
shadow chancellor, John McDonnell, would be any better either).
In little over a year the former
shadow chancellor Ed Balls leaps from being a defeated candidate...
But she has privately agreed to allow Balls to go for the job of
shadow chancellor, too, and has backed his position on the deficit
in public.
The former economist served as an adviser to Nigel Lawson and John Major when they were both
chancellors and served
in Michael Howard's
shadow cabinet.
The well - regarded Cooper - a former financial journalist, with an MSc
in economics from the LSE - had been touted by some
in Westminster as a potential
shadow chancellor.
«Whoever wins should put that job [
shadow chancellor] at the heart of what they stand for and how to take on the coalition,» Balls said,
in a recent interview.
The speech sought to consolidate a shift
in the economic debate
in which
shadow chancellor Ed Balls has accepted years of flatlining growth are now at an end.
In August,
shadow chancellor George Osborne went to Japan to see the results of a three - year trial there.
11:56 - I wonder which of the following weak spots David Cameron will zero
in on this week: Ed Miliband's contortions following the anti-Syria intervention vote, his
shadow chancellor's decision to slowly U-turn on austerity, or the fact the GMB are pulling their most of their funding from the Labour party.
VIDEO: Balls and Osborne on Coulson verdict - The
shadow chancellor tells MPs
in the Commons about Andy Coulson's... http://t.co/EV2RUl7TVk
A Labour source told The Daily Telegraph
in April that the
shadow chancellor «wants to take over from Jeremy before 2020 and he's just watching the leadership crumble».
Former
shadow chancellor Ed Balls said that he «slowly darkened up» to the shade of «Lanzarote
in July» for Strictly Come Dancing but could not rival his fellow contestant Danny Mac.
After coming out
in support of the graduate tax during his leadership campaign, Mr Miliband's favoured policy was instantly destabilised by outspoken comments from his
shadow chancellor saying he still supported tuition fees, which he originally helped to bring
in while
in government.
Labour's
shadow chancellor John McDonnell has again dismissed the idea of Jeremy Corbyn stepping down as Labour leader, calling for calm among Labour MPs, following what he called «mass hysteria» throughout British politics
in the wake of the EU referendum result.
And
shadow chancellor John McDonnell raised the prospect last month of the party securing a «significant victory «
in Hillingdon.
What did Labour's
shadow chancellor Ed Balls reveal
in his attempts to stifle debate about austerity?
The
shadow chancellor dismissed suggestions the party's leadership was trying to quash debate on the issue, after pro-EU MPs, who are pushing leader Jeremy Corbyn to commit to permanent membership of the single market, failed
in an attempt to stage a vote.
Chris Leslie, the former
shadow chancellor who is backing the Soubry amendments, said there was a good chance the government would be defeated as he was «reasonably confident that the
shadow cabinet and rest of the parliamentary Labour party» supported staying
in the customs union.
Another altercation with Ed Balls ensued at the conclusion of PMQs when the
shadow chancellor tabled
in a cheeky point of order to ask Cameron a question on the 50p tax rate.