Two Eds hid truth about global crash: Miliband and Balls knew UK economy was due to 'fall off a cliff' a year before it happened... but kept it a secret per Daily Mail Online

The Mail reports that:

'Two Eds hid truth about global crash: Miliband and Balls knew UK economy was due to 'fall off a cliff' a year before it happened... but kept it a secret 

The pair reportedly urged Gordon Brown to call a snap election in 2008Knew it was only way Labour could hold power once economy crumbled George Osborne said revelation 'exposed cynicism' of Balls and Miliband

Labour leader has not denied claim, dismissing it as 'ancient history'  

The claim appears in explosive new memoir of Martin Winter - who helped turn Miliband into an MP

Ed Miliband and Ed Balls knew about the economic crash of 2008 a year before it happened – but kept it secret, it was sensationally revealed last night.

The Labour leader did not deny an explosive new report that they both urged Prime Minister Gordon Brown to call a snap Election in 2007 because 'the economy was about to fall off a cliff' and it was Labour's only hope of holding on to power.

Chancellor George Osborne said the revelation 'exposed the cynicism' of Balls and Miliband, adding: 'They were more interested in saving their own skins than saving the British economy.'

The disclosure comes in a new book by Miliband's former ally and friend Martin Winter, the ex-Labour Mayor of Doncaster, where Miliband is an MP. Winter, who secured the seat for Miliband at Brown's personal request, says he has decided to speak out because he has lost faith in the Labour leader.

...

Last night Miliband made no attempt to deny the claim, dismissing it as 'ancient history' – but the revelation is potentially political dynamite as the Election campaign hots up, fuelling the Tory line that Labour cannot be trusted with the economy, or to tell the truth... '

One thing is certain, the BBC will not mention this book and its revelations as that might harm the electoral chances of their allies in the Labour Party. 

By way of contrast, any similar revelations from the Margaret Thatcher or John Major governments would be pored over for ways of harming the Conservative Party.