RFT Express

Coalition Claim Discredited By OBR

The OBR [Office for Budget Responsibility] has blown the coalition myth of a big black hole in the deficit out of the water. Jon Snow comments in his   Snowblog   on the 14^th June,  ‘Nick Clegg, the chancellor and the prime minister have lately all been claiming that their initial look at the books has unearthed various subterranean horrors lurking in the hidden cells of the Treasury spreadsheets, hidden by a dying, desperate Labour government .’ Now I suppose rather than the usual smears and half truths coming out of the Coalition, it could be that the news that ‘When the deficit is lower in each and every year, and the overall level of borrowing £32bn lower than at the March 2010 budget’, That the real subterranean horrors are that they have less of a reason to increase VAT .

The trio have also been claiming that the £155 Billion is the highest ever deficit. They also claimed a few months ago that the projected deficit of £180 Billion was also the highest ever deficit, and they claimed it was also grossly underestimated. Does this sound like the old Tory concept of mud throwing?

Vic Farron RFT Express. Read the Full Article
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