George Osborne must go for 'maximum stimulus', says Vince Cable I'm certainly looking forward to the latter bit, and today there is an announcement being made about the aerospace industry and other high-technology industries, we're going to continue to invest in those. His call for more capital spending comes just days after Dr Cable risked infuriating the Chancellor by setting out his views on the economy in a lengthy article for the New Statesman. In that piece, he warned that Mr Osborne's cuts to capital spending have had "economic consequences" and that the £5 billion growth package in last year's Autumn Statement was too "modest to have any major effect." In contrast, Norman Lamont, a former Chancellor of the Exchequer, warned that there are "no miracle cures" to boost growth. He urged Mr Osborne to stick to his austerity plans and ignore the "siren voices" calling for extreme measures. "A boring Budget will at least have the merit of being an honest one," he wrote in The Times (£). There are no miracle cures. Growth will eventually happen if allowed. It will be probably happen when least expected. But it will not happen if we abandon attempts to put our national finances on a sound footing.