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    Andy - I do not put any kind of party spin on economic matters. I am daily involved in economic matters and statistics. In fact I was ahead of party politicians in identifying a wide range of issues that I specified and providing good news. John Major spoke about this same theme later.

    The simple fact is that there are a lot of very encouraging positive signs in the economy where they matter. Yes, it is fragile, I said so and have also said more needs to be done to boost business. Yes, there are other negative signals too, that is always a feature of any economy in a recovery phase.

    You cannot deny the facts I provided.

    Confidence is a vital ingredient to a recovery and there are too many people talking down the economy all the time. We need therefore to shout the good news too. This, of course, does not suit the deficit deniers and those who think government has all the answers when it is less government we need.

    You and I agree on the EU though we disagree on tactics to get us out of that madhouse.

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