Chief Secretary to the Treasury Danny Alexander
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Autumn Statement 'reflects world as it is', says Alexander

5 December 2012 Last updated at 15:53 GMT

The country is facing "tough economic times", the chief secretary to the treasury has said.

Danny Alexander was responding to the chancellor's Autumn Statement, which he said reflected the world as it is, rather than how he would wish it could be.

Chancellor George Osborne has been forced to extend economic austerity measures to 2018 - and he will miss his own target for reducing the national debt.

Mr Alexander said the statement reflects "the world as it is, not the world as we might have hoped it would be".

In depth: Autumn Statement 2012