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Ed Balls speech: light on jokes and lighter on spending pledges

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Shadow chancellor believes Labour will only be heard on tax and spending priorities if it looks serious about deficit reduction

Business liked what it heard from Ed Balls in his speech to Labours conference.

There were no surprises and no surprises is good, said the CBIs director general, John Cridland. He liked the commitment to deficit reduction, and the fact that the shadow chancellors speech was pro-European, pro-export and pro-expanding airport capacity in the south-east of England.

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