Osborne addresses MPs over UK credit downgrade

George Osborne addresses MPs as responds to the UK's credit rating downgrade
Chancellor George Osborne said the UK has to "redouble our efforts" as he responded questions about Moody's downgrade.

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Osborne austerity pledge

Chancellor George Osborne has insisted that austerity measures must continue after being criticised by MPs following the downgrading of Britain's credit rating. Shadow chancellor Ed Balls said the move was 'humiliating'.