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Page last updated at 12:43 GMT, Monday, 14 June 2010 13:43 UK

Alistair Darling: 'I was always very cautious'

Former Chancellor Alistair Darling said the revised economic figures from the Office for Budget Responsibility (OBR) meant the 'cover' for the new government to put up VAT taxes has gone.

The OBR found economic growth forecasts by the Labour government in March were too optimistic, but added the level of government borrowing in the current financial year will be lower than expected.

The Labour MP said he was 'always very cautious' about government income, and Tory MP David Davis joins in the debate.

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