Ed Miliband - My Fake Diary

Friday, 14 September 2012

David Cameron rejected three challenges I made to him, to promise that he would meet his own government's target to ensure debt is falling as a proportion of GDP by the end of the current parliament in 2015-16.

The target is likely to be abandoned in the autumn statement to be delivered on 5 December unless government borrowing figures suddenly improve.

Such a reversal would be deeply embarrassing for the Treasury although it did not appear to shock the City, or point to a rise in government borrowing costs.

I think I got a rare advantage point in there!

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