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Rachel Reeves MP, Labour's shadow chief secretary to the Treasury, responding to economic growth forecasts published by the OECD today, said:

"These very concerning forecasts show just how badly the Government's economic policies have failed. Britain's growth forecasts have been slashed by more than any other major economy.

"And while Ministers desperately try to blame all our problems on the eurozone crisis, the OECD says France and Germany are doing better than us. In fact Britain is one of just two G20 countries in a double-dip recession.

"David Cameron and George Osborne need to stop clinging on to their failed economic plan and change course now. Without a serious plan for jobs and growth we won't get the deficit down and yet more long term damage will be done."

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