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Cable cautious over recovery

Just two days after the Chancellor said the economy had "turned a corner", the Business Secretary Vince Cable will warn of the dangers of being complacent about the recovery on the strength of "a few quarters of good data."

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Cable: Osborne 'got the tone exactly right'

Vince Cable pictured leaving Downing Street earlier this year. Credit: PA

"I think George Osborne got the tone exactly right when he spoke the other day," Vince Cable told Radio 4's Today programme.

But he stressed that Britain's economy remained in a critical phase.

"The reactions to the news over the last few weeks somehow suggest that we are out of this long, dark tunnel," Mr Cable said.

"I don't want the public debate about this to become obsessive about a few weeks' data, when what really matters is the long-term change we're trying to achieve, getting Britain more outward looking, avoiding a return to the boom-bust psychology."

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