Budget 2010: Spending deficit improves, but economists remain cautious about Darling's optimistic arithmetic
- UK's total borrowing for this year £11bn less than predicted in PBR
- E&Y ITEM club questions objective to halve deficit by 2013/14
- Predictions for GDP growth and tax revenue increases eye-wateringly high, think-tank says
The UK’s total borrowing for the year has come in at £11 billion less than the Chancellor predicted in December’s pre Budget Report, but economists are warning that overly optimistic growth projections mean the Chancellors pledge to halve the deficit by 2014/15 simply doesn’t stack up.
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