Michael Fallon: Balls plan could lose UK its AAA rating

Name: Michael Fallon: Balls plan could lose UK its AAA rating
Uploaded: 2012-02-19T12:29:23.000Z
Duration: 2 min 11 s
Description: The Conservative Party deputy chairman claimed Ed Balls wanted to "splash £12bn on an unfunded VAT cut" leading to the UK losing its AAA credit rating and British people paying more for their mortgages.

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The Conservative Party deputy chairman claimed Ed Balls wanted to "splash £12bn on an unfunded VAT cut" leading to the UK losing its AAA credit rating and British people paying more for their mortgages.

Michael Fallon told Andrew Neil: "Mr Balls is the man who racked those debts up in the first place and now wants us to borrow even more."

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UK Politics

19 February 2012