– Lord Eatwell, Labour Treasury spokesman
The economy has ground to a halt. Growth is negligible. As a result the rate at which Government borrowing is being reduced has also slowed down. The deficit in March this year was higher than in March a year ago. No-one can doubt that these dismal results are the consequence of the coalition policy on austerity.
David Cameron says there will be "no change" in the way his government is handling Britain's economy after the country slipped back into recession. Figures show an estimated 0.2% quarterly decline in GDP.