Cable Forum - View Single Post - Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes.

Mr Angry · 04-12-2014, 00:23

It wasn't a forecast Chris, it was a committment. His first committment as Chancellor.

You're quite right, nobody is stunned at the Government having to borrow an additional £75bn - we're used to the financial incompetence and chaos of the current and past administrations.

Irrespective of what Balls or anyone else may or may not say the fact remains that that the target, whether superseded or not, was missed and, in all probability, was most likely never achievable by even the most optimistic of measurements.

That said, I'm not defending Balls or any other Government official, I'd just like to be clear about that.

04-12-2014, 00:23	#38
Mr Angry Inactive Join Date: Jan 2006 Location: Belfast Posts: 4,785	Re: Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes It wasn't a forecast Chris, it was a committment. His first committment as Chancellor. You're quite right, nobody is stunned at the Government having to borrow an additional £75bn - we're used to the financial incompetence and chaos of the current and past administrations. Irrespective of what Balls or anyone else may or may not say the fact remains that that the target, whether superseded or not, was missed and, in all probability, was most likely never achievable by even the most optimistic of measurements. That said, I'm not defending Balls or any other Government official, I'd just like to be clear about that.