George Osborne commits to targeting 'full employment'

George Osborne has committed the Conservatives to targeting "full employment", saying that tax and welfare changes will help achieve it.

Giving a speech at Tilbury in Essex, Mr Osborne said the Conservatives' policy had led to 1.3 million new jobs but, "Our work is not done - we need more jobs to be created in Britain".

"It's our approach to the economy: fix the fundamentals; back hard-working people; support business; and sort out welfare so it always pays to work."