George Osborne - My Fake Diary

Sunday, 16 September 2012

The Telegraph printed this:

Between now and 2016, consensus forecasts indicate that Osborne will spend £174,900,000,000 more than he expected to spend over the period in June 2010.

The debt target was the credible one. It required that the government paid back one more pound than it borrowed, for one year.

Osborne's other fiscal rule is this: "to balance the cyclically-adjusted current budget by the end of a rolling, five-year period."

Oh no it isn't! (Oh yes it is!)

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