Ed Balls: 'It is an honour to be appointed'

Ed Balls has been promoted to the position of shadow chancellor after the resignation of Alan Johnson.

Mr Johnson said he had "found it difficult" to cope with issues in his private life in the role.

Mr Balls, who ran against Mr Miliband in last year's Labour leadership contest, coming third, said: "It is a great honour to be appointed to this post, and to succeed my friend and colleague Alan Johnson, whose commitment to social justice and service to the Labour Party is second to none."

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