"As a result of the painful cuts we've made, the deficit is down by a third and we're borrowing nearly £3,000 less for every one of you and for every family in the country," Mr Osborne will say.

"That's the good news. The bad news is there's still a long way to go."

He said the UK was "borrowing around £100bn a year - and paying half that money a year in interest just to service our debts".

He added: "We've got to make more cuts. That's why 2014 is the year of hard truths - the year when Britain faces a choice.

"Do we say 'the worst is over, back we go to our bad habits of borrowing and spending and living beyond our means and let the next generation pay the bill'?

"Or do we say to ourselves 'yes, because of our plan, things are getting better - but there is still a long way to go and there are big, underlying problems we have to fix in our economy'?"

His speech comes as the head of the office that issues the government's bonds said the UK could find it harder to convince investors to buy its debt in the years ahead.

The next couple of years could potentially be a "little more challenging" because of rising interest rates, when investors may be more "reticent" to buy British debt, Robert Stheeman told the BBC.

www.bbc.co.uk/news/uk-politics-25617844

Bet that's a lie more figure fiddling from the government.

How about cuts to rich ?

www.mirror.co.uk/news/uk-news/george-osb...ash-spending-2993311

false economy.

www.independent.co.uk/news/uk/politics/g...re-cuts-9040802.html

Agree what people have commented. Close the loopholes make corporation pay their taxes.

The national debt is still a lot higher than when they came in.
Just playing tricks with figures to hide the real truth.

Pattaya wrote:
The national debt is still a lot higher than when they came in.

Of course ! we have to clear the debt and get the spongers back to work.

Of the £100 million paid back so far HALF was simply paying interest.

just how much higher would it be if the loonies were still handing out bucketfuls of (borrowed) cash?

How about stopping world aid that save several million.

andrew wrote:
How about stopping world aid that save several million.

How about helping those that help themselves ?

In The Know wrote:
Pattaya wrote:
The national debt is still a lot higher than when they came in.

Of course ! we have to clear the debt and get the spongers back to work.

Of the £100 million paid back so far HALF was simply paying interest.

just how much higher would it be if the loonies were still handing out bucketfuls of (borrowed) cash?

Pretty much could be said for each new govt.
Growth pays back debt,not austerity.Thank God Gordon Brown had the commonsense Blair/Clegg/Major etc never had and kept us out of the Euro...we'd still be paying back for the wasteful Greek spending!

In The Know wrote:
Pattaya wrote:
The national debt is still a lot higher than when they came in.

Of course ! we have to clear the debt and get the spongers back to work.

Of the £100 million paid back so far HALF was simply paying interest.

just how much higher would it be if the loonies were still handing out bucketfuls of (borrowed) cash?

www.dailymail.co.uk/news/article-2534941...y-OAPs.html#comments

www.dailymail.co.uk/news/article-2534949...worst-offenders.html

Cut these car journeys for starters, make Amazon Starbucks etc pay their taxes, half MPs salaries, bring in mansion tax, ban expenses, scrap A4E and Seetec.

Tories are targeting the poor might as well get blood from a stone.

I been forced to downsize 3 times, got to the point that I had to move to my girlfriend council flat. Housing benefit shrunk to £250 p/m that won't even pay for a bedsit in most towns, they all shit holes.

When is IDS going to take the challenge up for living on £52 per week ?

Tories have no clue.

andrew wrote:
In The Know wrote:
Pattaya wrote:
The national debt is still a lot higher than when they came in.

Of course ! we have to clear the debt and get the spongers back to work.

Of the £100 million paid back so far HALF was simply paying interest.

just how much higher would it be if the loonies were still handing out bucketfuls of (borrowed) cash?

www.dailymail.co.uk/news/article-2534941...y-OAPs.html#comments

www.dailymail.co.uk/news/article-2534949...worst-offenders.html

Cut these car journeys for starters, make Amazon Starbucks etc pay their taxes, half MPs salaries, bring in mansion tax, ban expenses, scrap A4E and Seetec.

Tories are targeting the poor might as well get blood from a stone.

I been forced to downsize 3 times, got to the point that I had to move to my girlfriend council flat. Housing benefit shrunk to £250 p/m that won't even pay for a bedsit in most towns, they all shit holes.

When is IDS going to take the challenge up for living on £52 per week ?

Tories have no clue.

I dont think it would help much if IDS took the challenge anyway, unless it was permanent, because any fool can manage on almost nothing for a short time before bills mount up and clothes and household stuff need replacing.

After all this time.

"I'm All Right ITK" still faithfully quotes the bent-mainstream propaganda, as though it has some true meaning.

www.bbc.co.uk/news/uk-politics-25617844

I dont think it would help much if IDS took the challenge anyway, unless it was permanent, because any fool can manage on almost nothing for a short time before bills mount up and clothes and household stuff need replacing.

He said he could live on it, that's his words so he don't need his huge salary. That help cut the deficit Mr Osborne.

Fair Justice wrote:
After all this time.

"I'm All Right ITK" still faithfully quotes the bent-mainstream propaganda, as though it has some true meaning.

www.bbc.co.uk/news/uk-politics-25617844

How about brining in Mansion Tax ?