Prospects for Growth

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 10:30 am on 2nd February 2012.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 10:30 am, 2nd February 2012

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.