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AS2011: Chancellor’s plans are ‘colossal failure’, says Balls

SHADOW chancellor Ed Balls has described George Osborne’s fiscal plans as a ‘colossal failure” and are “lying in tatters”.

According to Balls, the government has slammed on the economic breaks to hard, which has stalled growth and harmed business and consumer confidence.

He claims that there will be well over £100bn more borrowing than Osborne planned a year ago, and more borrowing than the plan inherited from the previous government.



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