Business Secretary Vince Cable
Media playback is unsupported on your device

Lib Dem call to give Vince Cable chancellor's job

26 July 2012 Last updated at 07:52 BST

A close ally of Vince Cable has called for the business secretary to replace George Osborne as chancellor.

Liberal Democrat Lord Oakeshott said Mr Osborne was a "work experience chancellor" with "no business experience".

Mr Cable later told the BBC he would "probably" make a good chancellor but Mr Osborne was doing the job well and "nobody was suggesting" a change.

Speculation about Mr Osborne's future came after the latest figures revealed that the economy had shrunk by 0.7% between April and June.

Carole Walker reports.