Speaking to ITV1's Daybreak, the Chancellor George Osborne said the prospect of six more years of austerity was a price the country had to pay.
– Chancellor George Osborne speaking to DAYBREAK
We find ourselves in a very difficult situation.
We borrowed all that money in the good years, then we had the banking crash and now we're having to pay the price.
But there's no alternative other than to make sure Britain can pay its way in the world and that means difficult decisions to control our welfare bill, to make sure the rich make a contribution and to do everything we can to support those who want to work hard and get on in our society.