The Prime Minister has spoken about the Government's plans to cut the deficit during a live interview on Radio 4's Today programme this morning.
Speaking to presenter Evan Davis, the PM said there could only be a “sustained recovery” with real growth and jobs if ministers tackled the Budget deficit.
Earlier this week, Chancellor George Osborne outlined where £6.2 billion of savings will be made in government spending during this tax year and the plans were a key part of the Queen’s Speech on Tuesday.
The PM said:
The key thing is we promised £6 billion of spending reductions; we have delivered £6 billion of spending reductions. That is good for our economy, it shows us getting to grips with the deficit, it will enhance international confidence in the economy.
I think it is an important point, though, that reducing the deficit and getting the economy to grow, they’re not alternatives, they go together. We’re only going to get a sustained recovery with real growth, real jobs [and] the wealth we want to see in our country, if we get to grips with the fact that we have an 11 per cent budget deficit.