George Osborne making a speech
Media playback is unsupported on your device

Osborne: £25bn more cuts needed

The chancellor has said that the UK will see further cuts to public spending despite the recent upturn in the economy.

Speaking at a factory in Birmingham, Mr Osborne warned a further £25bn spending cuts would be needed after the next election.

However Deputy Prime Minister Nick Clegg said the Conservatives were making a "monumental mistake" by attempting to balance the books "on the backs of the poor".

Nick Robinson reports.

Go to next video: Osborne: 'A year of hard truths'