Shadow Chief Secretary to the Treasury Liam Byrne MP responding to the latest figures released by the OBR said:
"Nick Clegg might have changed his mind on cuts, but the Treasury's watchdog hasn't.
“Today, the Office of Budget Responsibility, which George Osborne created, has revealed that cutting too much too soon will actually cost £700m in extra dole payments, and countless more in human misery.
“The Lib Dems' now need to get out of denial. They're supporting a Tory economic plan that's a jobs killer, with bigger dole bills and bigger public spending cuts to pay for them."