David Cameron has told Daybreak he wants a fair welfare system 'that works for everybody'
He said: "It's a national effort to pay down our deficit and deal with the debts we inherited'.
The Chancellor's surprise plan for swapping job rights for shares is praised as "innovative", but what does it mean for the average worker?
The Chancellor told the assembled delegates that they were still, "all in it together," and that he was right to cut the 50p tax rate.
The Government is to press ahead with plans to slash an extra £10 billion from the welfare budget by 2016-17, the Chancellor has said.