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Page last updated at 09:52 GMT, Tuesday, 14 February 2012

Balls: Osborne making mistakes of 1930s

The UK has been put on a "negative outlook" watch by the credit rating agency Moody's which means there's some risk losing our triple A credit rating.

Shadow chancellor Ed Balls gives his response on what it says about the government's handling of the economy.

He told the Today programme's John Humphrys that George Osborne's focus on the credit ratings agency was leading him to make the mistakes of the 1930s and eventually someone would have to clean up his "economic mess".

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