One of Scotland's leading private equity specialists has warned the UK Government history tells us "we cannot cost-cut our way to recovery" and called on ministers to implement a strategy to boost economic growth and stimulate investment.
Speaking the day after the Bank of England predicted the UK economy would stand still this year, Calum Paterson added his voice to calls for the Coalition Government to try to kickstart a recovery.
Critics of the Government claim its deficit reduction policies are stifling the economy.
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