I'm watching Ed Balls' statement on ETS. The sheer gall of the man! He has just lectured David Laws, the (impressive) LibDem spokesman about the need to keep quiet about contractual commercial matters.

Ed Ball's pre-political career amounted to three years as an economic leader writer at the FT before going to work for Gordon Brown.

David Laws was Vice President of JP Morgan from 1987-92 and then Managing Director, Head of US Dollar and Sterling Treasuries, at Barclays de Zoete Wedd, before going to the LibDems.

One of those men has had first hand experience of commerce. He is not Ed Balls.