Balls takes university job in London

The former shadow chancellor, the highest profile Labour MP to lose a seat at the May election, has been appointed visiting professor to the policy institute at King’s College London, reports The Times.

Postgraduate students will have the benefit of Mr Balls’s inside knowledge as he joins a team of politicians and academics to teach “the Treasury and economic history since 1945”. Students will no doubt question the former minister on his role in pushing for the independence of the Bank of England and keeping Britain out of the euro.

Mr Balls spoke yesterday of the drive and vision of the policy institute. “It is filling an important gap and I am honoured to play my part in helping it succeed,” he said.

Mr Balls is also a senior research fellow at Harvard, where his research areas include European integration, economic growth and investment.