Ed Balls: 'Osborne's growth plan has failed'

The Shadow Chancellor Ed Balls has told ITV1's Daybreak that "George Osborne's growth plan has failed."

He said: "Families are thinking 'what's going to be there for me' and I'm afraid for working families on middle and low incomes this is another big, big hit, which hits women harder than men."

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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.