Cameron: Coalition has cut deficit by a third

Accused of missing the coalition's target of balancing the books by 2015, the Prime Minister countered: "We have cut the deficit by a third, we will have cut it more by the next election."

He added: "Why, if borrowing is the problem, is the Labour policy to put it up?"


Osborne curbs welfare benefits

The newly unemployed will have to wait at least seven days before they are able to sign on, under a series of changes to welfare benefits announced by the Chancellor. A new welfare cap will be set from 2015 and OAP expats face losing fuel payments.