Quote:
Originally Posted by Mr Angry
Thanks for that Hugh. The fact remains though that he will borrow, in the next year nevermind five years, £75bn more that he forecast he would be required to do to address the deficit in this parliament (which was his own target).
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No, if I'm understanding the graph properly, he is saying he will borrow £75.9 billion next year whereas he previously forecast he would borrow £68.7 billion.
That is not "£75 billion more than he forecast". It is £7.2 billion more than forecast. He has required, very roughly, about 10% more borrowing than he forecast. Given the already vast size of our national debt pile, and the fact that Labour would cheerfully have borrowed rather a lot more than this in order to 'stimulate' the economy, I really don't think this is the howling great piece of incompetence the Tory hat3rz want it to be.