The Prime Minister admits the economic crisis is far worse than expected and warns he cannot predict when the cuts will end.
David Cameron has admitted he cannot envisage a time when the austerity programme will end and failed to rule out spending cuts lasting until at least 2020.
The Prime Minister welcomed falling inflation as a good sign but admitted the economic crisis had been far worse than expected and could blight Britain for years.
Mr Cameron, in an interview with The Daily Telegraph, said: “This is a period for all countries, not just in Europe but I think you will see it in America too, where we have to deal with our deficits and we have to have sustainable debts.
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