Treasury Minister Chloe Smith has rejected Labour's call for the Government to re-think its strategy over public sector net borrowing.
The Conservative MP told the BBC that "there is no opportunity" to sustain the current level of borrowing.
– Treasury Minister Chloe Smith
Their strategy would be to borrow more and to spend more and we cannot take that kind of decision in these circumstances.There is no opportunity here to set out to deliberately borrow more. What these figures really show is the importance of sticking to the plan that has won Britain international credibility.