Ed Balls says Chancellor 'is wedded to failed strategy'

All the evidence suggests that Osborne is spending more time on his part-time role as David Cameron’s political and election strategist than on his day job as Britain’s Chancellor. My fear is that our Chancellor is taking his eye off the ball. That is why I have said the focus of Wednesday’s Spending Review should be clear and decisive action to boost growth and living standards this year and next year — not simply setting out cuts for two years’ time.