George Osborne: 'Competence or chaos' choice for voters in 2015

George Osborne says the spending cuts necessary to reduce the deficit are a "price that works for our country".

The chancellor told the BBC: "We are going to have to make savings... we are going to have to cut certain welfare bills like benefits that go to working-age people."

In an interview with BBC Political Editor Nick Robinson Mr Osborne said voters faced "a real choice between competence and chaos" at the election next May.