Clegg has confirmed that the Lib Dems would only support further spending cuts on condition that they were match by extra taxation for the rich.
Referring to Southwest's plans to begin service at Philadelphia, the executive said, "They're thinking, 'If US Airways goes out of business, we want to be there".' Mr. Siegel had met late last year with officials of the company's unions, in a bid to win their support for further cuts.
But he said officials may have calculated that they cannot win congressional support for further cuts in nuclear arsenals with Russia without spending billions more to refurbish America's remaining stockpile of nuclear weapons, under a bargain Obama struck during his first term.
"If, in light of that full updated assessment, the outlook at that time is judged to be broadly consistent with the August inflation report projections, a majority of members expect to support a further cut in Bank rate to its effective lower bound at one of the MPC's forthcoming meetings during the course of the year," the minutes said.
"A majority of members expect to support a further cut in Bank Rate to its effective lower bound at one of the [committee's] forthcoming meetings during the course of the year," policymakers said in a statement.
Lib Dems Would introduce 15 hours a week of free childcare for all two-year-olds, offer 15 free hours to all working parents of children from the age of nine months and protect family support services from further cuts.
Analysts said the generally grim tone of the report lent support to the idea of further cuts in interest rates.
The charity is calling on ministers to reconsider the planned freeze and agree to a moratorium on any further cuts in support for low-income families.
Further cuts to support would push more children into poverty and undermine incentives for families to move into work or earn more".
