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Ed Balls: Government policy has failed on every measure

21 March 2013 Last updated at 10:27 GMT

Shadow Chancellor Ed Balls says the government's economic policy has failed "on every measure, compared to what they said they would do."

He called on Chancellor George Osborne to make a swift "U-turn" on the economy, after growth forecasts were slashed in the Budget.

Mr Balls told the BBC the government was "only cutting taxes for millionaires... it's the wrong priorities and it's not working".