George Osborne: 'Britain must pay its way'

Chancellor George Osborne has told Daybreak that the prospect of six more years of austerity was a price the country had to pay.

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UK credit rating 'at risk'

The credit rating agency Fitch has warned that the Chancellor's confession during the Autumn Statement that he missed its debt target could threaten the UK's AAA rating. But George Osborne has downplayed the impact potential if that happened.