UK deficit is not falling

I am just responding to a couple of letters that you have printed in recent editions concerning a view that the UK economy is flourishing.

One correspondent claimed that the UK deficit is falling. It is not.

The government continues to spend at about six per cent above income.

It can only do this by borrowing and thus total debt is continuing to increase.

In fact, the government borrowed more in December 2014 than it did in December 2013.

The current government has borrowed as much in five years as the previous government borrowed in 11.

But apparently deficit reduction is not now as important, perhaps because there is an election coming.

The fact that UK deficit has rarely been as big, as a proportion of GDP and this is very bad news for us and our children.

Make your own mind up about George Osborne’s abilities as a chancellor.

Charles Thompson