Clegg queries pace of capital cuts

AOL Money Staff
Nick Clegg
Nick Clegg

Deputy Prime Minister Nick Clegg has appeared to admit the coalition cut capital spending too deeply when it took power.

Speaking before the release of figures which are expected to show a fresh contraction in the UK economy, he said ministers had "comforted" themselves at the time that the reduction was in line with plans drawn up by the previous Chancellor, Labour's Alistair Darling.