Selasa, 29 November 2011

All Pain No Gain



I mentioned yesterday how the Tories locally are in utter denial about borrowing - I don't think many of the blue-rinsers quite get it on borrowing,

The OBR’s forecasts today show it is even worse. The government is set to borrow £158 billion more than they planned a year ago – the bill for the economic failure, higher unemployment and bigger benefits bill their failed plan have created.

OBR’s forecasts for public sector net borrowing (£bn)

2011/12

2012/13

2013/14

2014/15

2015/16

November 2010

117

91

60

35

18

Today

127

120

100

79

53

Change since Nov 2010

+10

+29

+40

+44

+35


Already the Tories are trying to re-write history. The below is a before and after from Conservatives.com



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