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Deeper and faster cuts needed says venture capitalist

10 May 2011 Last updated at 14:25 BST

Economic cuts should be deeper, and made faster to balance the country's books, says venture capitalist John Moulton.

Cutting the deficit has been a relentless aim of the coalition government since it was formed a year ago this week, although Labour claims too much state expenditure is being cut too quickly.

Mr Moulton's radical plan advocates short-term pain for long-term gain.

Michael Buchanan met Mr Moulton and jobseekers in Northumberland to see what they thought.

John Moulton will be a guest on Wednesday's Daily Politics around 1240 BST.

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