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Critics say it’s a political trap for the opposition, Paul Mason explains George Osborne's plan to make balancing the books a legal requirement in the UK. Subscribe: http://www.youtube.com/channel4news

Head of Communications at the Adam Smith Institute, Kate Andrews, spoke to Sky News George Osborne's upcoming Mansion House speech and his plan to announce a mandatory budget surplus in normal economic times.
This video is an excerpt from Douglas McWilliams' lecture as Gresham Professor of Commerce, 'The Winning and Losing Nations'.