Quote Originally Posted by Pearcey3 View Post
What deficit? Osborne pledged this would be eradicated by 2015. Oh!
that's not really adding anything. Clearly the forecasts were overly optimistic and with the benefit of hindsight there should have been better stress testing.

However well the plan compared against forecast it is true to say that the deficit has been reduced by 2/3.

Depending on your politics will determine how you interpret that