Fraser Nelson Fraser Nelson

When will broadcasters challenge Ed Balls on his porkies about his deficit plans?

At Coffee House, we occasionally criticise George Osborne for stretching the truth when describing the deficit — but when it comes to hoodwinking broadcasters and deceiving voters, Ed Balls is the master. Three times on the radio today he lied about Labour’s plans, saying that he intends to have the national debt falling. He has no such plans: what he means is that he plans for the national debt to rise, but to rise more slowly than the economy is growing. What he means is that his plan is not for the debt to fall, but for a ratio to fall: the debt/GDP ratio. And it isn’t very ambitious, because that ratio already is falling.

Even on Osborne's plans, actual debt is rising (see picture, above) in real terms and nominal terms.

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