Cuts without growth won't help deficit

7.45.00pm GMT Mon 15th Mar 2010

Commenting on the EU Commission report that recommends that more should be done to cut Britain's fiscal deficit, Liberal Democrat Shadow Chancellor, Vince Cable said:

"The Government's position on the size of the structural deficit and the speed at which it must be cut is the minimum.

"We must not cut Government spending too soon and risk plunging a fragile recovery back into recession.

"Cuts without economic growth will not deal with the deficit.

"To be credible all parties must not only show when they will tackle the deficit, but also what they will cut."