Ed Balls christens Chancellor 'Bungle'

Shadow Chancellor Ed Balls is attacking the Chancellor for "failed tests" and "broken promises". He added: "His friends call him George, the President calls him Jeffrey... but to everyone else he’s just Bungle."


Osborne curbs welfare benefits

The newly unemployed will have to wait at least seven days before they are able to sign on, under a series of changes to welfare benefits announced by the Chancellor. A new welfare cap will be set from 2015 and OAP expats face losing fuel payments.