Downing Street Says

» Tuesday, April 26, 2011

Economy

Asked whether the Chancellor knew what the growth figures due out tomorrow would be, the PMS advised the assembled press to speak to the Treasury. The PMS said that the growth figures were not discussed at Cabinet.

Asked to characterise the comments made by the Chancellor at Cabinet, the PMS replied that the Chancellor had said that the situation was still difficult, but we were on the right track and that was supported by the IMF, OECD and the Bank of England’s backing of the Government’s plans.

The PMS added that if people looked at the international picture, at the Eurozone and continued concern about the US debt picture, we were on the right track.

Put that that had been a cautious assessment from the Chancellor, the PMS said that she would not get into any further detail, but added there were no surprises coming out of the discussion this morning.

On whether the Prime Minister was confident of avoiding a double-dip recession, the PMS reiterated that we were on the right track.

Asked if the Chancellor’s comment that things were still difficult was a reference to the deficit or the economy as a whole, the PMS replied that dealing with a record deficit was bound to be difficult. The PMS said that the Chancellor was making general comments about the economy and she was summarising what was said, not directly quoting Ministers. Asked if the Business Secretary had contributed to the discussion, the PMS said that he had.

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Economy

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