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Chief Secretary to the Treasury, Danny Alexander said the Liberal Democrat party would deal with the deficit in a "fair way" by allowing a large proportion of the burden to be carried through tax measures.

Although George Osborne set out a coalition Budget, the Liberal Democrats put themselves to the country with different manifestoes.

Alexander set out the Liberal Democrat plans to deal with the structural deficit:

"Our plans would borrow a lot less than Labour, but cut less than the Tories," he said.

"I hear from the Labour Party a plan to spread the pain over the whole Parliament. I don't hear from the Conservative party a plan for the country to turn a corner after 2017/18."