Ed Balls
Ed Balls is the UK Shadow Chancellor and the Labour MP for Morley and Outwood since 2010. He is married to the former Labour Health Minister and now Shadow Home Secretary Yvette Cooper.
Background
Balls is a former leader-writer for the FT. As a key adviser to the Chancellor of the Exchequer Gordon Brown, he earned £60,000 and was known as the 'Deputy Chancellor'. He worked with Brown in opposition from 1994, coming up with the blueprint for the independent Bank of England and caused a row when Brown made him Chief Economic Adviser to the Treasury, bypassing official procedures.
He grew up in Nottingham and went to Oxford University and Harvard, where he studied under Lawrence Summers (who later to become Bill Clinton's Deputy Finance Secretary) and Robert Reich (Clinton's Secretary for Labour). When Summers went to the World Bank, he wanted to take Balls with him, but Balls took a job as leader-writer for the Financial Times. He was introduced to Gordon Brown in 1992 and started working for him as economic adviser in January 1994. Balls took Brown to America to meet Summers, Reich and Alan Greenspan, head of the Federal Reserve. Brown, Balls and Charlie Whelan (another of Brown's former Special Advisers) stayed several times at Geoffrey Robinson's Cannes apartments to discuss their plans. Geoffrey Robinson's penthouse at the Grosvenor House Hotel in Mayfair was another venue for their pre- (and post-) election discussions.
In other secret pre-election discussions with City financiers and accountants Balls came up with the blueprint for the independent Bank of England. In discussions with Labour Party activists and MPs, his view of the economy as a series of models and processes, rather than people and values, led them to ask if he actually believed in anything. Ed Balls caused a row in October 1999 when Brown promoted him from Special Adviser to the job of Chief Economic Adviser to the Treasury, appointing him to the job without the normally strict civil service procedures. He is still officially remains as a Special Adviser, rather than a civil servant.
Nuclear views
Gordon Brown's department played a central role in making decisions on new nuclear power stations.
Balls himself has said that nuclear 'is not a solution' to energy security problems. He strongly backs the coal industry because he represented 'a constituency with a strong mining tradition and with miners still working in Selby, Kellingley and elsewhere.' He adds: 'I come from an important coal-producing region: I think that a quarter of UK coal is produced in Yorkshire.' [1]
Links to the nuclear industry
Balls' father-in-law is Tony Cooper, a member of the Nuclear Decommissioning Authority and former chairman of the Nuclear Industry Association. [2] [3]
External links
- ^ Biography on Ed Balls' website, undated, accessed February 2006.
- ^ House of Commons Debate on the future of the coal industry, October 12, 2005.
- ^ Biography on Yvette Cooper's website, undated, accessed February 2006.
- ^ Tony Cooper's biography on Nuclear Decommissioning Authority website, undated, accessed February 2006.
