“The sooner we get this debate on to a rational footing, the better the prospects for Britain’s recovery," said the Liberal Democrat Shadow Chancellor.
Responding to David Cameron’s comments on the budget deficit, Vince Cable said:
“This tired repetition of the Tory line leads us into a very undesirable debate in which the speed and the extent of deficit reduction is being decided not on the basis of how the economy is looking and performing but on the basis of political soundbites and dogma.
“The time to start cutting the budget deficit and its speed must be decided by a series of objective tests which include the rate of recovery, the level of unemployment, the availability of credit to businesses and the Government’s ability to borrow in international markets on good terms.
“The sooner we get this debate on to a rational footing, the better the prospects for Britain’s recovery."