"But he urged people to be optimistic, pointing to growing trade with India and China, and warned that pessimism and fear "can become self-fulfilling prophecies".
Mr Cameron spelled out a three-point plan based on confronting Britain's debts, improving competitiveness and building global trade.
“This does not amount to the significant plan for jobs and growth Britain's economy desperately needs right now”
"I am confident that we can both resolve the crises at hand and come through them with an economy that is stronger and fundamentally fairer," he wrote.
As well as approving power plants at Ferrybridge, West Yorkshire, and Thorpe Marsh, near Doncaster, Mr Cameron welcomed news that BT will complete its roll-out of superfast broadband by 2014 - generating work for 500 more engineers.
He said more infrastructure announcements could be expected over the coming months.
Meanwhile, Mr Clegg says the remainder of the £1.4bn regional growth fund cash will help create or safeguard "hundreds of thousands of jobs".
He told BBC Radio 4's Today that every pound of government money given to companies would bring £6 of private sector investment "providing more bang for your buck"."
http://www.bbc.co.uk/news/uk-politics-15517180
My notes
Nice work from Cameron mi.
UK Conservative-led government pursues infrastructure projects. None of the political dogmas to prevent action. So UK gets to climb out of hole - tries austerity and finds little growth - now tries long term government projects.
Clegg acknowledges Keynesian-type multiplier.
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