By Marcus Leach

Business Minister Vince Cable has said that the government is not about to introduce large scale tax cuts or big increases in public spending to boost growth.

This announcement comes despite growing concerns that the economy is heading for another recession.

Speaking to BBC Radio Mr Cable said that Chancellor George Osborne would not veer from his austerity measures when he unveils his budget update, in the form of the Autumn Statement, to parliament on 29 November.

"It is difficult to make tax cuts in an environment where we are trying to get budget discipline and bring the deficit down," Cable said.

"Large scale tax cuts and for that matter big increases in public spending are not under consideration."

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