How can anyone have any faith in George or this govt....How?
'Government debt has increased by £555 billion since George Osborne took office in 2010, the latest official figures show.
The Office for National Statistics said this week the Government had borrowed £70.7 billion pounds in the first 11 months of the current financial year.
Barring a major last-minute turnaround before the year ends next month, the Chancellor is likely to borrow more than his forecast for this year of £72.2 billion.
With inflation at zero and growth rates far from booming the Government is yet see real public debt falling as a percentage of the economy – the most important measure for assessing the public finances.
The Office for Budget Responsibility – the Government’s spending watchdog – cut its growth and deficit reduction forecasts in new projections revealed in the Budget a week ago.
The fiscal watchdog, which is in charge of official economic forecasts, said GDP would actually only grow by 2 per cent instead of 2.4 per cent in 2016.'
http://www.independent.co.uk/news/uk...-a6947661.html