Families must benefit from the fall in oil prices in their heating bills and airline tickets, Danny Alexander has told ITV News.
Mr Alexander's comments come after oil prices tumbled to their lowest level in nearly six years.
Speaking to Business Editor Joel Hills, the Chief Secretary to the Treasury said: "The fall in oil price is a benefit to most of the UK economy provided that the benefits are passed on at the pumps, in the cost of holidays and in the cost of heating homes."
The Chief Secretary to the Treasury, Danny Alexander, will appear on The Agenda tonight on ITV.Read the full story ›
Chief Secretary to the Treasury Danny Alexander claims that the Conservatives are responsible for the UK's economic recovery "p***** me off".
He told the Sun on Sunday (£), "It isn’t the bloody Conservatives. It’s the Coalition and we as Liberal Democrats have done as much as the Tories have. It really p***es me off when I look at what we’ve done."
In his speech to the Liberal Democrat party conference later today, Alexander is expected to say, "The Tories like to try to claim the credit for lots of our achievements, including the economic recovery. We have to set the record straight ... We wrote the recovery plan."
Chief Secretary to the Treasury Danny Alexander has said he is confident the Liberal Democrats will do "very well indeed" at the next General Election and predicted they would hold on to seats.
Mr Alexander even suggested the Lib Dems could gain seats in some areas.
Chief Secretary to the Treasury Danny Alexander has said the recent narrowing between the Yes and No votes in polls shows that "every vote has to be fought for".
He said there are still "huge unanswered questions" which the Yes Scotland campaign has to deal with, especially surrounding the issue of currency.
The Liberal Democrats have called for a reform of the "bedroom tax" in a dramatic withdrawal of support for the controversial welfare reform.
Speaking to The Mirror, Chief Secretary to the Treasury Danny Alexander said it's time to "take stock and change our approach."
With only one in 20 of affected claimants having successfully downsized, it’s clearly time to take stock and change our approach in this particular area.
Those already in the social rented sector would only see a reduction in their housing benefit if they are offered a suitable smaller home and, crucially, turn it down.
Disabled adults should be treated in the same way as disabled children, by permanently exempting them.
The Liberal Democrats will not support "austerity forever" and would lead a Government which balanced paying off debts with "investing in the future", according to a senior member of the party.
Chief Secretary to the Treasury Danny Alexander told Good Morning Britain the Lib Dems also had to show voters how the party "was distinct" from the Conservatives and Labour.
The Chief Secretary to the Treasury says today's IMF report on the British economy is "extremely good news" and a "strong endorsement" of the Government's strategy.
However, Danny Alexander acknowledged that ministers have to "keep a close eye" on the housing market to defuse any risks.
Danny Alexander has said the Liberal Democrats' poor performance at the Newark by-election was a "deeply disappointing result," but was due to "tactical voting" from the party's supporters.
The Chief Secretary to the Treasury was asked why the party had slumped from a 20% share of the vote to just 2%, a result that saw them lose their deposit.
He put some of the decline down to voters not wanting to see Ukip win the seat from the Tories, saying: "The last thing our supporters wanted was to be represented by Ukip in the House of Commons, therefore there was a lot of switching to other parties."
The Chief Secretary to the Treasury Danny Alexander has welcomed the fall in inflation: