'More to do' to stimulate growth
The Government has "a lot more to do" to stimulate growth in a bid to secure economic recovery, Prime Minister David Cameron has said.
He said he wants to hear from business what is needed in this month's Budget to encourage the setting up of new firms.
Mr Cameron was speaking as he opened a Cabinet meeting at Rolls-Royce in Derby, the second such gathering the coalition administration has held away from Westminster.
It is important for such "highest end" firms to expand, he suggested, but that action needs to go right down the chain.
Chancellor George Osborne also gave a further strong hint that measures to reduce the impact of rising oil prices at the petrol pump will be included in his Budget.
Duty is due to rise by another 1p per litre next month but Mr Osborne has given clear signals that drivers can expect that to be put off.
"I am looking, of course, at fuel duty, particularly this increase in duty that the last Labour government planned for April," he said in Derby after the Cabinet meeting.
"I understand how families are hit hard by the rising cost of oil around the world, caused in part by the Libyan crisis, and I am seeing what I can do to help but I can't make any promises today, you've got to wait for Budget day."
Mr Osborne said spending cuts had been spread "pretty fairly across the country", adding: "Some of the biggest cuts are in David Cameron's own constituency (Witney in Oxfordshire) so it's not as if we're favouring areas over others. We've all got to make difficult decisions.
"The reason the Cabinet has come en masse to Derby, to this great company here, is to show that there's a future for Britain that is not so dependent on debt, on the City of London, or growth just in the south east of England which is where we've been for the last decade, but actually we've got an economy in the future which is going to manufacture things again in Britain and it's going to grow in all parts of the country, including the East Midlands."