George Osborne attacked Labour shadow Chancellor Ed Balls' record on the economy:
"He was the man more responsible than almost anyone else for what went wrong in the British economy."
"The prescription the the Labour Party offers is the same prescription that got us into this trouble," he said.
"This Coalition Government is taking a different approach, which is that Britain has to confront its problems.
"Rebalancing that economy, healing that economy is what we're all about."