Prospects for Growth
Oral Answers to Questions — Business, Innovation and Skills
10:30 am
Vincent Cable (Secretary of State, Business, Innovation and Skills; Twickenham, Liberal Democrat)
If the hon. Gentleman actually read the analysis produced by the Bank of England and, more recently, the Institute for Fiscal Studies, he would understand why the economy is growing slowly. The combination of higher commodity and oil prices last year and, more recently, the crisis in the eurozone is affecting all developed countries, many of them much more than the UK.