Osborne calls for 'fairer welfare system'

The Chancellor has told Daybreak that the welfare system must be "fairer to working people and to those who want to get a job but find that it pays to stay on benefits."

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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.