Govt will go 'further and faster' to repair UK's finances

David Cameron said the government would go "further and faster" to repair the nation's finances after the loss of the UK's AAA credit rating.

The Prime Minister said the decision by rating agency Moody's was a warning to politicians who thought the country could "walk away" from addressing the debt problems.

During Prime Minister's Questions, Labour leader Ed Miliband said the loss of AAA status meant Mr Cameron had failed the economic test he had set himself.