The coalition made the wrong bet supporting the bond market instead of the real economy, said the writer and broadcaster Max Keiser.

He reckoned the bond market was "on the verge or a major correction" and he accused the government of "kowtowing to the City"

He spoke with Andrew Neil, the Telegraph's Mary Riddell and the Sun's Craig Woodhouse about the economy as figures out on Friday showed the UK economy shrank by 0.3% in the last three months of 2012,

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