David Cameron was caught out last week when he falsely claimed in a Conservative Party political broadcast that the coalition was “paying down Britain’s debts” (the national debt has risen from £811.3bn to £1.11trn since he entered office). But what of his even more frequent boast to have reduced the deficit by “a quarter”? The Conservatives’ website states:
Another Cameron myth: the coalition hasn’t reduced the deficit by “a quarter”
The most recent figures show that current borrowing has fallen by just 6.4 per cent since 2010, while net borrowing has fallen by 18.3 per cent.