This sobering report shows why David Cameron and George Osborne's deeply complacent approach to the economy is so misplaced. Their failing policies have seen two years of almost no growth and the Bank of England is now forecasting lower growth and higher inflation than just a few months ago. The complacent thing for the Government to do now is simply sit back and hope things will get better, but the cautious approach would be to act now to secure and strengthen our economic recovery. Britain needs a plan to create the jobs and growth we need to get deficits down.
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I think it is fair to say that was the best speech I have seen David Cameron give in the decade I have been reporting on him.