Andrew Neil: ‘Vince you used to be an economist. Are you seriously arguing that 6bn would make a difference one way or the other to a 1.5 trillion pound economy’Vince Cable: ‘No I wouldn’t. But what I would argue for is broad fiscal neutrality. On this issue of timing it’s absolutely right in the coming year’
AN: ‘What does that mean in English?’VC: ‘It means in simple English it’s not having a severe contraction of the budget deficit’
AN: ‘Well 6 billion isn’t severe?’
VC: ‘Well that’s what I’m trying to say.’
"There is a very real danger the economy could fall back into recession," says Lib Dem Treasury spokesman Vince Cable. "The Conservatives' so-called efficiency savings are particularly dangerous," he says. "They have no clue where or how these 'efficiencies' will be made, making it likely they will be nothing more than a smoke screen for job cuts."