Balls: Osborne's growth plan is 'irresponsible and unfair'

Shadow Chancellor Ed Balls has told Daybreak that George Osborne's growth plan is "irresponsible and unfair."

He added: "I've always said, there's got to be tax rises. spending cuts and pay restraint.

"You should do it in a steady and imbalanced way once the economy is secure."

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UK credit rating 'at risk'

The credit rating agency Fitch has warned that the Chancellor's confession during the Autumn Statement that he missed its debt target could threaten the UK's AAA rating. But George Osborne has downplayed the impact potential if that happened.