Osborne 'the downgraded Chancellor'

Press Association
George Osborne
George Osborne

George Osborne has been labelled the "downgraded Chancellor" and accused of being in "complete denial" over the loss of the UK's prized AAA credit rating.

Shadow chancellor Ed Balls claimed his opposite number was "just making it up as he goes along" and piled on the humiliation by reciting the Government's own words on the importance of the rating.