Nick Clegg: Coalition's infrastructure spending cut was a mistake

The Liberal Democrat leader tells The House magazine that he is "self-critical" - and that the Tory demand for an EU referendum isn't a deal-breaker in future referendum negotiations.

Labour will be quick to pounce on an admission by Nick Clegg that the coalition made a mistake in cutting capital spending. The Liberal Democrat leader told the House magazine:

If I'm going to be sort of self-critical, there was this reduction in capital spending when we came into the Coalition Government But I think we've all realised that you actually need, in order to foster a recovery, to try and mobilise as much public and private capital into infrastructure as possible.

He added that the Tory policy of offering an in-out referendum on EU membership would not be a "deal breaker" in future coalition negotiations:

Every party will have their positions on Europe at the 2015 general election, and like everybody else, if there's a Coalition, the parties will need to compare notes and work out what goes in the Coalition agreement.

In response, Labour treasury minister Rachel Reeves told ITV:

This is the first admission that this Government has made serious mistakes on the economy. But the real question is what Nick Clegg’s Government is going to do about it. We have urged Ministers to bring forward infrastructure investment and build thousands more homes, but they have refused to listen.

Nick Clegg. Photo: Getty

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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New Digital Editor: Serena Kutchinsky

The New Statesman appoints Serena Kutchinsky as Digital Editor.

Serena Kutchinsky is to join the New Statesman as digital editor in September. She will lead the expansion of the New Statesman across a variety of digital platforms.

Serena has over a decade of experience working in digital media and is currently the digital editor of Newsweek Europe. Since she joined the title, traffic to the website has increased by almost 250 per cent. Previously, Serena was the digital editor of Prospect magazine and also the assistant digital editor of the Sunday Times - part of the team which launched the Sunday Times website and tablet editions.

Jason Cowley, New Statesman editor, said: “Serena joins us at a great time for the New Statesman, and, building on the excellent work of recent years, she has just the skills and experience we need to help lead the next stage of our expansion as a print-digital hybrid.”

Serena Kutchinsky said: “I am delighted to be joining the New Statesman team and to have the opportunity to drive forward its digital strategy. The website is already established as the home of free-thinking journalism online in the UK and I look forward to leading our expansion and growing the global readership of this historic title.

In June, the New Statesman website recorded record traffic figures when more than four million unique users read more than 27 million pages. The circulation of the weekly magazine is growing steadily and now stands at 33,400, the highest it has been since the early 1980s.