Ed Balls: Govt must focus on economic growth not just deficit reduction

Ed Balls, the shadow chancellor, urges the government to change course on deficit reduction and instead focus on economic growth following the IMF forecasts:

"These are deeply concerning forecasts for both the UK and world economy.

"Our chancellor and political leaders in Europe need to wake up to the scale of the problem and finally realise that we need economic growth and more people in work to really get deficits down."