Daily Mail

He keeps getting it wrong

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In George Osborne’s first Budget in June 2010, borrowing was forecast to fall to £20billion in 2015-16. He borrowed £68.5billion.

In the same ‘emergency’ Budget, he said borrowing in the last parliament would total £451billion but the figure was £567.6billion.

In 2010, he said the national debt would now stand at just over £1.3trillion. It is £1.6trillion.

In the 2011 Budget, growth of 2.5 per cent was predicted for 2012 and 2. per cent in 2013. The figures were 1.2 per cent and 2.2 per cent.

In the 2014 Budget, inflation of 2 per cent was predicted in 2015. In fact, there was zero inflation.

In the Autumn Statement in November 2015, Mr Osborne forecast growth of 2.4 per cent for this year and 2.5 for next year. Four months later, the forecasts were cut to 2.2 per cent and 2 per cent.

In the March 2016 Budget, Mr Osborne admitted his promise that debt would fall as a percentage of national income in 2015-16 would be broken.

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