In his Autumn Statement he told us the numbers were heading in the right direction and we were even going to be running a small cash surplus by the next time Halley’s Comet can be sighted from Earth. We are even going to have an additional £3bn worth of savings – which might sound like a lot but in fact is less than one third of the increase in our payments to the EU Institutions which The Chancellor smuggled into the stats yesterday.
But the simple fact is that the Chancellor has refused to grapple with government spending as demonstrated by the fact that the public sector net borrowing is forecast to be 5.6 per cent in 2014. If the deficit reduction is working, and Labour and their Keynesian chums have been proved wrong, why are we still not doing it properly? (Express.)
