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With Ed Balls as shadow chancellor, George Osborne can no longer expect an easy ride

It might be politically fraught for Ed Miliband, it might even be dangerous for the Labour party, but Ed Balls’s appointment as shadow chancellor is great for Britain. Alan Johnson may be a more natural politician, but Ed Balls is a better economist and in these tempestuous times we need men in government who understand and can explain how the economy works.

Osborne and the Tories are focused on the government deficit and claim that…

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