He insisted his decision was not a statement on the leadership of David Cameron and George Osborne.
David Cameron, George Osborne, Nick Clegg and the Business Secretary Vince Cable had a "quad" meeting this week to discuss it.
There are certainly individuals like frontbenchers George Osborne and David Cameron who are seen as amongst the brighter hopes of the future.
Tory back benchers and setting out an alternative to David Cameron and George Osborne than she is about a coherent policy for Government.
But yes, David Cameron and George Osborne will give more resources to the IMF which it may choose to lend to eurozone countries.
Mr Balls said David Cameron and George Osborne had "the wrong prescription" for the current economic crisis, which was the "most serious in my lifetime".
BBC: Labour conference: Balls unveils five-point growth plan
In our splash this morning, we report that David Cameron and George Osborne have finally ruled out cutting the 50p rate of tax in this parliament.
Where Mr Brown's glowering personality has obscured the talents in his cabinet, Mr Cameron lets George Osborne (the shadow chancellor), Michael Gove (his education spokesman) and others shine.
David Cameron and George Osborne were keen students of Mr Blair's rise to power and it was assumed that they would want to court media barons in a similar way.
One of the group's leaders, George Eustice, David Cameron's former press secretary, said it would promote a "sensible discussion about how we can radically overhaul the EU and make it fit for purpose in the 21st Century".
Mr Cameron and Chancellor George Osborne have already spoken to BP's chairman, Carl-Henric Svanberg, about the crisis.
In the New Statesman, George Eaton ponders whether Mr Cameron would allow members of his cabinet to campaign on different sides in a future referendum.
But, although welcoming back Cameron Phelps, George Carmont, Mark Riddell and Iafeta Paleaaesina, the injury-hit leaders were without Amos Roberts, Thomas Leuluai, Stuart Fielden and Harrison Hansen.
But they fought back and tries by George Carmont, Michael McIlorum and Cameron Phelps put them in control by the break.
When they moved into Downing Street in 2010, David Cameron was 43 and George Osborne, the chancellor of the exchequer, was 38.
Mr Cameron and his Chancellor George Osborne have insisted the veto was in part to protect the City of London from excessive intervention by Europe, but Labour and the UK Independence Party have both warned that actually no additional safeguards for it were achieved.
Both Prime Minister David Cameron and his Chancellor, George Osborne, are determined to keep to their plans to rein in spending.
Directors Martin Scorsese, Christopher Nolan, David Fincher, David Lynch, James Cameron, Danny Boyle, George Lucas and cinematographers Wally Pfister (Inception, The Dark Knight) and Roger Deakins (Skyfall, True Grit) are all present.
Sir George responded that the relationship between David Cameron and Nick Clegg was "stronger" than that between former Labour PM Tony Blair and the-then chancellor Gordon Brown, "when they were both actually in the same party".
Mr Clegg discussed his tax objectives with Chancellor George Osborne on Wednesday and Prime Minister David Cameron on Tuesday.
When the Tories installed the fearsomely well-bred Mr Cameron, and he then kept George Osborne, another toff, as his shadow chancellor, party and leader bet that voters would no longer hold a penchant for shooting grouse against them.
What has Cameron done this time (and a slight correction for those not au fait with British politics: the budget is done by the Chancellor, George Osborne, not by the Prime Minister, David Cameron)?
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Mr Cameron's announcement came before he and Chancellor George Osborne, a fellow Conservative, were due to meet Deputy Prime Minister Nick Clegg and Chief Secretary to the Treasury Danny Alexander, who are Liberal Democrats, to discuss energy policy.
But Mr Cameron admitted he had had a word with Chief Whip Sir George Young.
Although George Osborne, the shadow chancellor, spoke in his place, many read Mr Cameron's cancellation as a deliberate move to distance the party from business.
So did both Hillary Clinton, America's secretary of state, and, surprisingly, George W. Bush, who stirred from his post-presidential obscurity to ring Mr Cameron and urge him to bring the UUP into line.
True, George Osborne, the chancellor of the exchequer, is guile incarnate, a Tory Talleyrand to whom Mr Cameron subcontracts his strategic thinking.
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