OBR say Cameron 'misrepresented' them
In a speech on the economy on Thursday the prime minister argued that the independent Office for Budget Responsibility supported the government's view that growth was not being held back by the government's fiscal consolidation plan. However in a public letter, the OBR challenged this by saying it does think that growth is currently held down by austerity, by about one and half per cent.
The BBC's economics editor Stephanie Flanders told the Today programme that the economy has "grown about 6% less than the government was hoping for". Michael Fallon MP, Minister of State for Business and Enterprise, blamed this for the confusion, saying "why did everybody forecast growth so badly wrong back in 2010 and 2011?"
Chris Leslie MP, shadow treasury minister, told the Today programme that "there's absolutely no debate at all" that the spending cuts have had an impact, adding that Mr Cameron "has a track record" of "premeditatedly scripting out attempts to obfuscate the truth on these issues".
First broadcast on BBC Radio 4's Today programme on Saturday 9 March 2013.
09 Mar 2013
- From the section UK