Osborne: '0% tax rate is better than a 10% tax rate'

The Government - the Conservative Party and the Liberal Democrats - we've got a better policy which is a zero percent tax rate.

We've more than helped all the people that were clobbered by Gordon Brown's 10p tax rate by turning that 10p tax into a zero.

We've actually made people better off by £300 so there is a way of helping people on low incomes.

We've taken a million people out of tax altogether so I would say a zero percent tax rate is going to be a little bit more attractive at an election than a 10% tax rate and that's certainly been our priority.