Encouraging signs but recovery still long way off

1.51.00pm BST (GMT +0100) Tue 13th Oct 2009

Commenting on the latest British Chambers of Commerce economic survey, Liberal Democrat Shadow Chancellor, Vince Cable said:

"While there are some encouraging signs from this report, it is clear that we are still a long way from recovery.

"In the short term, the threat of deflation remains greater than inflation.

"Yet for all this uncertainty, the Government continues to bank on a swift recovery as a means to rebuilding the public finances. What we need instead is a realistic approach to bringing down the deficit while encouraging growth and investment."