Comments by "" (@GlynJONES-e5m) on ""This Whole Budget Is Falling Apart!" | PMQs Round-Up" video.

  1. TORIES ALWAY LIE ABOUT THE ECONOMY: CONSERVATIVE LIES ABOUT ECONOMY: LIE ONE (DAVID CAMERON) "The last Government left the biggest debt in the developed world" TRUTH: George Osborne admitted to the HM Treasury Select Committee that he did not know the UK had the LOWEST debt in the G7.(ALSO CONFIRMED BY THE OECD) LIE TWO: "Labour created the biggest deficit in the developed world by overspending" TRUTH: The much banded about 2010 deficit of over 11% was FALSE! TRUTH: THE ACTUAL BUDGET DEFICIT WAS -7.7% (OBR) ADDITIONALLY: Labour inherited a deficit of 3.9% of GDP. TRUTH: The IMF concluded the same - that LABOUR DECREASED THE DEFICIT SUBSTANTIALLY THAT WAS LEFT BY TORIES.
    1
  2. TORIES CAUGHT OUT IN LIES ABOUT ECONOMY : Treasury should have declared overspend by law - OBR The Treasury should have disclosed a £9.5bn overspend in the public finances in the run-up to the previous government's Spring Budget "under the law", the UK's spending watchdog has said. Richard Hughes, chair of the Office for Budget Responsibility (OBR), told a committee of MPs on Tuesday the Treasury should explain why information was "not provided to us". His comments prompted the committee's chair and Labour MP Meg Hillier to suggest the Treasury "may have broken the law". A Treasury spokesperson told the BBC it had acted "within the law" but said it had made changes to make sure the "unidentified pressures... never happen again". The Conservative party has been contacted for comment.
    1