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Given the grim tone of much of the PM's speech, he is asked by the BBC whether he's been honest with the public about the potential for tax rises when the budget comes round in October.
He says he was clear during the election that income tax, national insurance and VAT "would not go up".
"That remains the position," he says.
He says that Labour's plans "were fully funded and fully costed" but that he did not expect the Conservatives leaving a black hole in public finances.
On the cuts to winter fuel payments, he says he "didn't want to have to deal with" the issue, "but we have to fix the NHS, we have to fix our homes, our schools, and pensioners rely on them in the same way as everybody else does".