Business Secretary Vince Cable reveals 'brutal truth' about risk of double-dip recession | Mail Online: Vince Cable has admitted the 'brutal reality' that Britain's economy is in a worse state than it was when Labour was in power.
In an outspoken interview, the Lib Dem Business Secretary refused to rule out the possibility that there could be a double-dip recession – saying the economic situation was 'very difficult'.
He admitted ministers had failed to foresee the current economic problems, blaming a 'major crisis' in Britain's export markets and the sharp increase in energy prices for the flatlining economy.
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